The Ibex 35 deepens the falls to 0.7% and gives up 11,600 points pending the Middle East

Oil rises almost 3% due to geopolitical tension

Oct. 2 () –

The Ibex 35 registered a fall of 0.6% at midday this Wednesday, which has led the selective to stand at 11,592.4 points, pending the events in the Middle East after Iran’s attack on Israel and after The data on the Spanish labor market in September will be released this morning.

The selective has started with a tense calm and small losses that have widened towards the middle section, a fate that the rest of the European markets suffered – although to a lesser extent.

In the geopolitical 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, has 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.

For its part, the UN Security Council will hold 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 has justified as revenge for the death of leader of the Lebanese Shiite militia party Hezbollah, Hasan Nasrallah, and of the Islamic Resistance Movement (Hamas), Ismail Haniye.

Banca March analysts considered a “lukewarm reaction in the market” after Iran’s new attack on Israel, although they recalled that “it remains to be determined what Israel’s response will be and whether this action will trigger a conflict on a regional scale.”

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.

In the afternoon, the ADP private employment report for September will be published in the United States.

In the Spanish business field, BBVA has agreed 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 the remuneration to the shareholder. which 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 the middle section of the session, the biggest increases within the Ibex 35 were recorded by Indra (+5.22%), Solaria (+4.28%), Repsol (+1.84%), Banco Sabadell (+1 .04%) and Banco Santander (+1.02%), while the ‘red lanterns’ were Acciona Energía (-2.22%), IAG (-2.04%), affected by the ‘ex-dividend’ effect ‘, Colonial (-1.96%) and Acciona (-1.6%).

The main European stock markets turned negative at midday: Paris was down 0.02%; London 0.08%; Milan 0.15% and Frankfurt 0.45%.

On the other hand, some Chinese indices have once again registered notable advances (Hong Kong’s Hang Seng has risen 6.2%) after having closed yesterday for a holiday, while the CSI 300 remains inoperative.

At the same time, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 2.8%, to 75.63 dollars, while that of Texas stood at 72.01 dollars, a 3.1% more, both affected by the geopolitical uncertainty in the Middle East.

In the foreign exchange market, the price of the euro against the dollar remained unchanged at 1.1071 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond climbed to 2.885% after add six basis points and with the risk premium (the differential with the German bond) at 80 points.

The troy ounce of gold, a refuge value par excellence that yesterday approached its historical maximums at the edge of 2,700 dollars, moderated its price this Wednesday by 0.4%, to 2,653 dollars.

For its part, bitcoin recovered 1% after yesterday’s fall of close to 5%, so that it was trading this day at $61,400.