The Ibex 35 opens with a fall of 0.75% and loses 11,000 points

2 Jul. () –

The Ibex 35 started the session on Tuesday with a fall of 0.75%, which led the index to stand at 10,974.6 points at 9:00 am, after learning that registered unemployment in Spain fell by 46,783 unemployed in June, while Social Security gained 71,095 average members.

Furthermore, the Treasury is starting the July auctions today, with an issue of six- and twelve-month bills in which it hopes to place between 4.5 and 5.5 billion euros, according to the objectives announced by the agency dependent on the Ministry of Economy.

The preliminary reading of the Eurozone Consumer Price Index (CPI) for June will also be released, as the traditional European Central Bank (ECB) forum gets underway in Sintra, Portugal.

In the corporate sphere, Iberdrola will distribute 0.351 euros per share to its shareholders as a final dividend, 11.1% more, in accordance with the terms of the new edition of the ‘Iberdrola Flexible Remuneration’ system communicated this Tuesday by the company to the National Securities Market Commission (CNMV).

Acerinox, for its part, has received authorization from the United States Department of the Treasury, through the Committee on Foreign Investment (Cfius), for the acquisition of the American company of special alloys Haynes International, as it announced yesterday after the market closed.

In this context, the biggest rises within the Ibex 35 were recorded by Bankinter (+0.31%), Repsol (+0.20%), Rovi (+0.17%) and Indra (+0.10%), while the ‘red lanterns’ were Enagás (-7.45%), Acciona (-5.04%), ACS (-4.84%) and Amadeus (-1.60%). These falls are weighed down by the ‘ex-dividend’ effect.

Elsewhere in Europe, the main indices also started the session with losses, 0.64% for Paris, 0.6% for Milan, 0.54% for Frankfurt and 0.4% for London.

The price of a barrel of Brent crude oil, the benchmark for the Old Continent, opened on European markets with a rise of 0.27% to $86.83, while Texas crude stood at $83.52, up 0.17%.

On the currency market, the euro was quoted against the dollar at 1.0727 euros, while on the debt market the interest rate on 10-year Spanish bonds remained at around 3.450%.