economy and politics

The Ibex 35 loses 1.6% at closing and falls to 11,100 integers, weighed down by Naturgy

The Ibex 35 loses 1.6% at closing and falls to 11,100 integers, weighed down by Naturgy

June 11 () –

The Ibex 35 lost 1.60% this Tuesday, standing at 11,175.5 integers, in a day marked by volatility due to the different movements that CriteriaCaixa has undertaken in recent hours with respect to several listed companies on the selective.

The most notable movement has to do with Naturgy, after reporting on Monday that negotiations with the Emirati Taqa for a possible energy cooperation pact had broken down.

On the other hand, the investment holding company of the ‘La Caixa’ Foundation has reported that it has sold a 2.636% stake in the capital of Cellnex for 612.89 million euros within the framework of the private placement aimed at qualified investors announced yesterday .

Likewise, CaixaBank reported after the market closed on Monday that it had decided to sell its 2.54% stake in Telefónica, valued at 620 million. The bank was present in the ‘teleco’ shareholding since 1987.

In this context, Naturgy has plummeted by 14.96%, followed by CaixaBank (-3.15%), Cellnex (-3.10%), Indra (-2.70%), Unicaja (-2.69% ) and ArcelorMittal (-2.66%). Only Solaria (+0.88%) and Aena (+0.06%) have closed positively.

Beyond today’s volatility, the focus of the week is tomorrow’s meeting of the US Federal Reserve (Fed). Although no changes in interest rates are expected, investors will look for clues about changes in the future in the press conference given later by its president, Jerome Powell.

The falls have been generalized for the main European markets. Milan closed with a drop of 1.93%; Paris, with a decrease of 1.33%; London, 0.98%; and Frankfurt, 0.68%.

A barrel of Brent stood at $82.27, up 0.78%, while West Texas Intermediate (WTI) rose 0.67%, to $78.26.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.409%, compared to 3.443% at Monday’s close. In this way, the risk premium fell to 76 basis points.

In the foreign exchange market, the euro depreciated 0.32% against the dollar, until trading at an exchange rate of 1.0730 ‘greenbacks’ for each unit of the community currency.

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