The Ibex 35 was flat on Thursday at the close, finishing 0.07% higher with investors focused on U.S elections and the high court decision in the UK to force the government to seek parliament approval for Brexit. It was unable to recover 8,900 points, with the final figure coming in at 8,879.90.
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The High Court in London decided that prime minister Theresa May would be unable to invoke Article 50 herself, but May was defiant as her government plans to challenge the ruling and push ahead with its plans for a "Hard Brexit" to begin from the end of March 2017.
The news has somewhat made it more difficult for May and her government to push through Brexit, and set the value of sterling to its highest level against the dollar in the last month. It has allowed companies with strong British connections to rise today, including airline company IAG, the combination of Iberia and British Airways. IAG led the advances on Thursday with a 3.2% rise.
RESULT
The Spain's biggest crude oil producer, Repsol, presented 3Q results this Thursday. The company earnings grew 35% year on year to €1.12 billion, and rose 1.1%. Group EBITDA rose 5%, reaching 3,558 million euros, supported by the optimisation measures implemented in the company's business.
Liberbank presented the results for the third quarter of 2016, in which the company reported a loss of €8 million. The bank resulting from the merger of Cajastur, Caja Castilla la Mancha and Caja Cantabria reported a net attributable profit until september of 100 million euros, which is 40% less than the same period of 2015.
Banco de España also had a good day at the office, after signalling its intention to advise banks to "consider possible corporate options" with regards to low interest rates. Goldman Sachs has also issued a positive report for Santander, but a negative one for Bankia.
GLOBAL
Global markets remain nervous as the US presidential election enters the final five days, with polls suggesting Hillary Clinton and Donald Trump are closer than before following the Democrat's additional troubles with the FBI investigation into her private email server.