The Ibex 35 falls 0.3% and fails to recover 11,000 points

June 17 () –

The Ibex 35 began the week with a fall of 0.3% this Monday at the market close and throughout the session it has not managed to recover the psychological level of 11,000 points achieved at the opening, thus ending the day in the 10,959.5 integers.

In the Spanish business field, the president of CriteriaCaixa, Isidro Fainé, and the CEO, Ángel Simón, have presented the company’s new Strategic Plan between 2025 and 2030, whose main objective is to achieve a gross asset value (GAV ) of 40,000 million euros in 2030, compared to the current 27,000, which represents an increase of 48.1%.

In this context, CriteriaCaixa has also ruled out spinning off Naturgy if the operation does not lead to an increase in the value of the company as a whole. However, the entity has explained that if the ‘Gemini Project’ to split the company into two is put on the table, it will discuss it, although it will not contemplate a division without that growth.

On the other hand, the president of BBVA, Carlos Torres, announced this Monday that he will maintain “all the working capital lines” of all Sabadell SMEs for at least 12 months if the hostile takeover bid that he has launched on the entity goes ahead. Catalan, as indicated during the economics course organized by the Association of Economic Information Journalists (APIE) that will take place this week in Santander (Cantabria).

However, the Minister of Economy, Commerce and Business, Carlos Body, has stressed that the Government’s assessment of the hostile takeover bid that BBVA wants to launch to take over 100% of Sabadell “has not changed” and, therefore, Therefore, he has reiterated his rejection of the operation.

Meanwhile, Amadeus informed the National Securities Market Commission (CNMV) before the opening of the market that it will maintain the ‘pay out’ for ordinary dividends in a range of between 40% and 50% until 2026.

In addition, the airline group International Airlines Group (IAG), owner of Iberia, British Airways, Vueling, Aer Lingus and Level, has increased its free cash flow by 34.8%, reaching 1,320 million euros in 2023, according to has communicated to the supervisor.

In macroeconomic terms, the head of the Economy portfolio also announced this Monday that the Government intends to raise the growth forecast for the gross domestic product (GDP) from the current 2% to a figure that will be close to 2.5%. .

Likewise, he has indicated that an escalation of tariffs and subsidies must be avoided just when the community bloc is in a moment of trade tension with China over electric vehicles.

On the other hand, the average labor cost per worker and month (which includes salaries and social contributions) rose by 3.9% in the first quarter compared to the same period in 2023, reaching, for the first time, above the barrier of 3,000 euros.

Prices in the services sector increased by 2.4% in the first quarter compared to the same period last year, a rate 1.2 points lower than that of the fourth quarter of 2023, according to the Services Sector Price Index published this Monday by the National Institute of Statistics (INE).

In this context, the increases in the Ibex 35 have been led by Bankinter (+1.09%), Inditex (+1.04%) and Telefónica (+1.02%), followed by Fluidra (+0.74% ), IAG (+0.72%) and Santander (+0.72%).

On the contrary, the ‘red lanterns’ in this Monday’s session were Solaria (-4.06%), Acciona (-3.72%), Ferrovial (-2.89%), Naturgy (-2.57 %), Cellnex (-2.35%) and Sacyr (-2.06%).

As for the rest of the European indices, at the close of the session this Monday only London accompanied the Spanish selective in the falls by losing 0.06%, while Frankfurt recorded a rise of 0.4%, Paris 0. .91% and Milan 0.74%.

The price of a barrel of Brent, a reference for the Old Continent, experienced a rise of 1% at the close of the European markets, up to 83.45 dollars, while Texas stood at 78.81 dollars (+0.9% ).

In the foreign exchange market, the price of the euro against the dollar stood at 1.0722 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond stood at around 3.342% (- 0.49%).