The Spanish stock market starts normally after the major blackout that left the entire Iberian Peninsula without power. The session was never interrupted yesterday, despite supply problems. "The market has been functioning at all times", states the national manager, Bolsas y Mercados Españoles (BME). The stock market automatically applied protocols as it is a critical infrastructure, but at this time, "everything is restored" after reviewing all procedures overnight to ensure that the session proceeds normally.
In the same vein, the National Securities Market Commission (CNMV) has ensured that market infrastructures continue to operate as normally as they did on Monday, despite the power outage that paralyzed much of the country and was not resolved until early morning.
"Everything is ready in the markets for the session to open and develop normally as it did yesterday," the regulator stated in a press release sent to Europa Press early this morning. "Markets, MTFs (Multilateral Trading Facilities), and other infrastructures are operating normally. We are in contact with BME to monitor the situation in real-time," stated the financial supervisor.
The Ibex 35 opened this Monday with minimal gains, less than 0.2%. Red Eléctrica's shares have been declining further as the session progresses, eventually falling by 1.5% on the national stock market.
Among the biggest gains are the Catalan perfumery group Puig, Indra, and ArcelorMittal. BBVA is up by 1% after presenting its quarterly results. The entity chaired by Carlos Torres reported a profit of 2.698 billion euros this morning, 23% higher than a year ago.
In Europe, there are also moderate increases, with Germany up by 0.5% and the London Footsie by 0.15%. The Italian FTSE Mib is the most bullish at this time, with a 0.6% advance. Wall Street futures are showing slight gains this Tuesday.