The Ibex 35 dawns flat and maintains 11,100 points in the second ‘quadruple witching hour’ of the year

June 21. () –

The Ibex 35 started this Friday’s session, the last of the week, practically flat (-0.01%), which has led the selective to stand at 11,159.9 integers at 9:00 a.m., in a day in which which is the second ‘quadruple witching hour’ of the year, a phenomenon that usually causes high volatility in the markets.

However, minutes after the stock market launch, the Madrid selective increased its losses by 0.16%, to 11,142.4 points.

This Friday, options and futures on indices and stocks expire in both Europe and the United States, which distorts and conditions the behavior of the cash markets, increasing both trading volumes and volatility in them.

In the business field, Grupo Azkoyen, the Spanish technology multinational, will vote at its ordinary general meeting of shareholders, which will be held this Friday, on the appointment of Isabel Zarza García as independent director and Rodrigo Unceta de la Cruz as proprietary director.

In addition, Befesa, the Spanish hazardous waste recycling company for the steel and aluminum industries and former subsidiary of Abengoa acquired for around 1 billion euros by the venture capital fund Triton Partners in 2013, has signed an agreement to purchase shares and has completed the acquisition of the remaining 50% of Recytech, its steel dust recycling services joint venture with France-based Recylex, for a cash price of 40 million euros.

On the other hand, the new Reig Jofre shares issued as a result of the capital increase to implement its flexible dividend begin trading this Friday, as reported by the company to the National Securities Market Commission (CNMV).

In this context, the Ibex 35 has opened with Naturgy leading the increases (+1.08%), followed by Enagás (+0.48%), Telefónica (+0.3%) and Acciona Energía (+0.3% ), while the ‘red lanterns’ were Grifols (-0.57%), IAG (-0.49%), ACS (-0.45%) and Rovi (-0.41%).

In the rest of Europe, the main indices have started the session in ‘red’, with falls of 0.58% for Milan, 0.24% for Paris, 0.16% for London, and 0.13% for Frankfurt.

The price of a barrel of Brent quality oil, a reference for the Old Continent, fell 0.19% at the opening of the European markets, to 85.55 dollars, while Texas stood at 81.16 dollars. 0.16% less.

In the foreign exchange market, the price of the euro against the dollar stood at 1.0710 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond remained at around 3.312%.