economy and politics

The Ibex 35 closes with a fall of 0.55%, but saves 11,600 with an eye on the Middle East

The Ibex 35 closes with a fall of 0.55%, but saves 11,600 with an eye on the Middle East

MADRID 2 Oct. () –

The Ibex 35 closed this Wednesday’s session at 11,609.80 points, which represents a decrease of 0.55% compared to the previous day, although during the day it reached a minimum of about 11,570 points.

During this week, the selective has corrected its ‘attack’ to 12,000 points, in a context of geopolitical uncertainty due to events in the Middle East after Iran’s attack on Israel.

In this context, Iran’s Foreign Minister, Abbas Aragchi, stated last night that its attack “has ended” unless Israel “invites new retaliation”, after Israeli Prime Minister Benjamin Netanyahu had warned Tehran that it has made “a serious mistake” by launching its missile attack against Israeli territory, while ensuring that it will “pay” the consequences of an offensive that has been largely repelled.

The UN Security Council holds an emergency meeting this Wednesday on the situation in the Middle East at the request of Israel after Iran’s massive missile attack against Israeli territory, which it justified as revenge for the death of the party leader. Lebanese Shiite militia Hezbollah, Hasan Nasrallah, and the Islamic Resistance Movement (Hamas), Ismail Haniye.

Within the macroeconomic agenda, he highlighted that unemployment in Spain rose by 3,164 unemployed in September, while average affiliation increased by 8,805 new employees. For its part, the eurozone unemployment rate stood at 6.4% in August, unchanged since July and at its lowest since the beginning of the series in 1999.

In the Spanish business field, BBVA agreed yesterday at the market close to adjust the consideration for its takeover bid (OPA) for Banco Sabadell to the shareholders of this entity to the payment of the dividend made yesterday by the bank of Catalan origin, as well as to the shareholder remuneration that the bank chaired by Carlos Torres will pay on October 10, in order to maintain the economic conditions of the offer after dividend payments by both entities.

In this way, Solaria has been the main bullish value, with an increase of 5.99%. They were followed by Indra (+4.07%), Grifols (+1.17%), Banco Santander (+1.14%), Puig Brands (+0.79%), Sacyr (+0.68%) and CaixaBank (+0.63%).

On the opposite side were Acciona Energía (-2.90%), IAG (-2.55%), Iberdrola (-1.94%), Redeia (-1.89%), Acciona (-1.69%) and Enagás (-1.52%).

In the rest of Europe, London has risen 0.17% and Paris, 0.05%. For its part, Frankfurt has fallen by 0.25%, while Milan has fallen by 0.28%.

In the raw materials market, oil has partially corrected its rise compared to Tuesday. A barrel of Brent rose 0.29%, to $73.80, while West Texas Intermediate (WTI) rose 0.46%, to $70.17.

In debt markets, the yield on the Spanish 10-year bond stood at 2.885%, from 2.834% at the close of Tuesday. In this way, the risk premium has fallen by half a point, to 79.3 basis points.

Regarding currencies, the euro registered a depreciation of 0.16%, until it crossed with the dollar at 1.1050 ‘greenbacks’ for each unit of the community currency.

Source link