economy and politics

The Ibex 35 distances itself from Europe and rises a slight 0.07% with its sights on the Middle East and oil

The Ibex 35 distances itself from Europe and rises a slight 0.07% with its sights on the Middle East and oil

Brent crude oil, the reference in Europe, has reached a price of 77.5 dollars

Oct. 3 () –

The Ibex 35 has distanced itself from Europe’s losses this Thursday by registering a slight rise of 0.07%, reaching 11,618 points, in a day marked once again by the conflict in the Middle East and the consequences it may have. on oil prices.

Specifically, investors remain attentive to the geopolitical risk emanating from the conflict in the Middle East led by Israel’s attacks on Gaza and Lebanon, as well as those by Iran against the Jewish State.

In fact, the possibility of Israeli attacks on Iranian oil facilities – a plan that the president of the United States, Joe Biden, himself has recognized – has had its immediate effect on international markets: Brent crude oil, the benchmark in Europe, rises by 4% in the afternoon and has reached a price of 77.5 dollars, while the Texas WTI rose 4.2%, to 73.1 dollars.

In Spain, the Public Treasury has awarded this Thursday, in the second issue of July, a total of 5,054.639 million euros in medium and long-term debt – in the expected medium range – and has done so at higher rates. lower than in previous issues in three of the four references auctioned

In the macroeconomic sphere, the growth of the activity of companies in the service sector in Spain accelerated substantially last September, when the purchasing managers index (PMI) reached a reading of 57 points, compared to 54.6 August, the highest since April 2023, which keeps the index in expansionary territory for the thirteenth consecutive month.

For its part, in the eurozone, business activity deteriorated last September, when the PMI composite index entered contractionary territory with a reading of 49.6 points, compared to 51 in August, its worst result in seven months.

Continuing in the community field, it has been observed that industrial production prices in the eurozone registered an increase of 0.6% last August compared to the previous month, when they already grew by 0.7%, according to data published by Eurostat.

For its part, in the United States factory orders in August have fallen by 0.2% in monthly rate when the market expected an increase of one tenth, while weekly unemployment claims have risen slightly above what was expected and were They maintain over 200,000 applications.

In this context, Acciona Energía has been the main bullish value of the Ibex 35 at the close, with a rise of 2.09%. They were followed by Repsol (+1.29%), CaixaBank (+1.25%), Aena (+1.12%), BBVA (+0.86%), Grifols (+0.8%) and Banco Sabadell (+0.67%).

On the opposite side, Sacyr (-2.2%), Indra (-2.16%), IAG (-1.75%), Puig (-1.48%), ArcelorMittal (-1.4%) have been placed ), Acerinox (-1.26%) and Ferrovial (-0.93%).

Unlike Madrid, the rest of the European places have fallen decisively this Thursday: London has subtracted 0.1%; Frankfurt 0.78%; Paris 1.32% and Milan 1.5%.

In the debt market, the yield of the Spanish bond with a maturity of 10 years has closed at 2.926% after adding half a tenth. In this way, the risk premium (the differential with the German bond) has remained at 78.5 points.

Regarding currencies, the euro was trading at 1.1036 dollars for each unit of the community currency, which represented a depreciation of 0.25%.

Gold suffered a correction of 0.34%, to $2,650, while bitcoin lost 0.47% and was trading at $60,620.

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