The Ibex loses 11,300 points at the close, with a fall of 1.02%

September 3 () –

The Ibex 35 closed a bearish session on Tuesday, which led the index to fall below the 11,300-point mark, reaching a level of 11,279.2 points at the close of trading.

The session was marked by the recovery of the US benchmark, which kept its stock markets closed on Monday for the Labor Day holiday.

On Tuesday’s macro agenda, it was learned that registered unemployment in Spain rose by 21,884 unemployed in August (its lowest increase in this month since 2016), while Social Security lost 193,704 members and has been left on the verge of 21.2 million employed.

At the national level, the Spanish Treasury has placed 5,364.314 million euros in short-term debt on Tuesday, in the medium-high range expected, and has done so by offering lower yields for both six-month bills and the twelve-month reference, according to data published by the Bank of Spain.

In the Spanish corporate arena, BBVA has obtained authorization from the UK Prudential Regulation Authority to take indirect control of TSB Bank, the British banking subsidiary of Banco Sabadell, this being one of the steps necessary to complete its takeover bid for the Catalan entity.

Banks have also had a leading role in the markets on Tuesday, as Bankinter, Sabadell and Unicaja have decided to issue new bonds.

For its part, eDreams Odigeo recorded net losses of 1.2 million euros during its first fiscal quarter 2025, ended on June 30, compared to profits of 4.1 million in the same period last year.

In the session, most stocks closed with a negative performance, with ArcelorMittal leading (-4.75%), followed by Banco Sabadell (-4.08%), Unicaja (-3.20%), Solaria (-3.08%), BBVA (-2.89%), Acerinox (-2.77%), Repsol (-2.70%) and Banco Santander (-2.35%).

On the other hand, among the values ​​that have risen, IAG was the main one (+1.16%), ahead of Telefónica (+0.43%), Redeia (+0.29%), Endesa (+0.18%) and Naturgy (+0.09%).

The rest of the major European markets also saw a correction in this session. The British FTSE 100 fell by 0.78%; the French CAC 40 by 0.93%; the German DAX by 0.97%) and the Italian FTSE MIB by 1.33%.

Commodities have seen greater losses than the stock market, with a barrel of Brent falling 4.48% to $74.05, and West Texas Intermediate (WTI) falling 3.92% to $70.68. European gas futures, traded on the TTF platform, have fallen 4.15% to around €37 per megawatt hour.

On the debt markets, the yield on the 10-year Spanish bond stood at 3.105%, up from 3.148% at the close on Monday. The risk premium thus rose by 1.8 points to 82.8 basis points.

As for currencies, the euro fell by 0.27% against the dollar, reaching an exchange rate of 1.1041 ‘greenbacks’ for each unit of the common currency.