BCP, Altri and Galp retreat and put PSI-20 on a downward route in line with Europe

The bank pulled IBEX into Europe's biggest losses at the expense of Santander's results. BCP did not escape and closed down significantly on the day that the Polish unit's profits fell 75%. Galp and Altri led the losses in an index with 13 shares falling.

The PSI-20 closes again in fall. This time it lost -1,83% to 3.977,43 euros and the securities that fell the most were Altri (-4,26% to 3,24 euros) and Galp (-4,47% to 7,40 euros). But there are more losses highlighted. BCP, on the day the subsidiary in Poland announced a 75% annual drop in profits, slid on the stock market -3,19% to close at 0,0728 euros.

Navigator fell -3,23% to 1,858 euros, on the day it announces that it will spend 10 million euros on a package of benefits to employees to support them in the “difficult period that the economy is going through, recognizing the common effort and performance during the pandemic ”. This "despite the strong economic impact that the company has suffered, its financial strength and the confidence with which it faces the future allow the application of this sharing measure with its 3.200 workers and their families". Today, the paper producer will still present the results for the third quarter of this year.

Pharol suffered a drop of -3,77%; NOS drops -3,45% to 2,912 euros; CTT fell -2,23% to 2,19 euros again; EDP ​​Renováveis ​​lost -1,50% to 15,74 euros and EDP decreased -0,12% to 4,3150 euros.

On the rise Ibersol stands out (+ 1,29% to 3,93 euros); Mota-Engil, which advanced 1,06% to 1,144 euros; and Novabase, which rose 1,27% to 3,20 euros.

The national index is now tracking declines in the rest of Europe. EuroStoxx 50 fell 0,94% to 3.076,15 points.

The FTSE 100 fell 1,09% to 5.729 points; the CAC lost 1,77% to 4.730,7 points; the DAX decreased 0,93% to 12.063,6 points; the FTSE MIB slid 1,53% to 18.654,9 points and the IBEX led the losses by falling 2,14% to 6.651,3 points.

The Spanish index was dragged by the bank, after Santander today presented its results. The Spanish banking group Santander achieved net profits of 3658 million euros in the first nine months of the year, a decrease of 40,8% compared to a year earlier, with results in Portugal contributing 243 million.

In macroeconomic terms, Ifo today released an analysis that shows that optimism among German exporters has suffered a setback. In October, export expectations in the industry (ifo Export Expectations) fell from 10,3 points to 6,6 points. The increase in the number of infections worldwide is of increasing concern in the export industry.

The food and beverage industry expects its exports to decline, and textile and clothing manufacturers are also not satisfied with the development of their international markets. On the other hand, the expectations of manufacturers of electronic and optical devices have taken a clear leap and the chemical industry also expects international sales to increase. The indicator reached its highest level since December 2018.

In the sovereign debt market, German 10-year debt drops 3,54 basis points to -0,62%. The Portuguese debt, on the other hand, dropped interest rates from 2,89 basis points to 0,13%; the Spanish debt fell 2,81 basis points to 0,16% and the Italian debt also fell 3,85 basis points to 0,70%, despite breaking daily contagion records.

The euro gains 0,15% to $ 1,1828.

Brent oil surges 2,10% to $ 41,31 a barrel, accompanied by the price of crude West Texas in the USA, which advances 3,06% to $ 39,74.

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