IBEX 35 cierra con una caída del 0,76% y se sitúa en 13.300 puntos
IBEX 35 closed the session on Thursday at 13,306.3 points, representing a decrease of 0.76% compared to the previous day, thus saving the level of 13,300 whole numbers that it had lost for most of the day.
The main indicator of the Spanish market, which closed yesterday at an unprecedented high since 2008, after retreating five days ago, began trading positively around the 13,450 whole numbers, although shortly after, the direction changed abruptly with a force that was replicated in the rest of the European reference.
As the details of the day unfolded, the Federal Open Market Committee (FOMC) of the United States Federal Reserve decided on Wednesday, with interest rates already closed by the European market in the target range of 4.25%.
It is precisely in this context that the President of the United States, Donald Trump, insisted on the need for the Fed to reduce interest rates by implementing the rates announced on imports.
Continuing to follow monetary policy, the decision on interest rates by the Bank of England (BOE) will be known on Thursday, with the market expected to remain unchanged at 4.5%.
Later, the Bank of Turkey unexpectedly met on Thursday «to exchange views on the recent evolution of the financial market» and decided to increase the guidance from 44% to 46% for loans up to one day, while keeping the rest of the rates unchanged.
At the macroeconomic level in Spain, the public treasury placed 6,474.251 million euros on Thursday in a tender for government bonds, within the planned average range, and did so to increase the yield provided to investors for a 20-year reference, according to information published by the Bank of Spain.
On the other hand, the General Shareholders’ Meeting of Banco Sabadell took place on Thursday, the first one after returning to Catalonia, while on Friday, BBVA will be held, all in the context of the public purchase offer (OPA) launched by the entity chaired by Carlos Torres in the Catalan Bank.
Before the Sabadell board meeting, the bank’s CEO, César González-Bueno, stated that BBVA’s public purchase offer (OPA) on the entity he manages is «good» for Spain’s well-being to impact commercial fabric and, in particular, SMEs.
The biggest decreases were seen in banks, which in recent days have experienced an extension of their rally in the stock market. Unicaja decreased by 4.60%; Caixabank, 3.41%; Bankinter, 2.91%; ArcelorMittal, 2.83%; BBVA, 2.71%; and Banco Santander, 2.45%.
On the opposite side were Amadeus (+2.23%), Enagás (+1.40%); Inditex (+0.99%), Merlin Properties (+0.97%), Ferrovial (+0.88%), and Endesa (+0.70%).
Similar falls were seen in the rest of the main European markets. London decreased by 0.09%; Paris by 0.95%; Frankfurt by 1.18%; and Milan by 1.30%.
Brent Barrel increased by 1.55% at the close of the European market session, reaching $71.88, while West Texas Intermediate recorded a similar increase, up to $68.20.
In the debt market, the yield of the Spanish 10-year bond was 3.428%, compared to 3.426% at the Wednesday close. Thus, the risk premium stood at 64.4 basis points.
Regarding currencies, the euro depreciated by 0.48% at the close of the European session, reaching a trading rate of $1.0851 per euro.
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