The Ibex 35 rises 0.22% mid-session driven by Aena (4.66) and Sabadell (4.57%)

MADRID, 2 May.

The Ibex 35 rises 0.22% mid-session driven by Aena (4.66) and Sabadell (4.57%)


The Ibex 35 maintains a slight rise of 0.22% at mid-session, reaching 10,878 points, driven by Banco Sabadell, which continues to skyrocket after the exchange offer proposed by BBVA for a merger and the strong rebound in Aena .

Specifically, Aena led the gains of the Spanish selective with an increase of 4.66% at 12:17 p.m., while Banco Sabadell saw the strong start it registered, with a rise of up to 8% at the start of the session, was diluted up to 4.57%, being exchanged at a price of 1.878 euros per share. For its part, BBVA's losses were almost 3%, up to 9,884 euros.

A day in the markets marked by the upward revision of the growth forecast for Spain in 2024 by the Organization for Economic Cooperation and Development (OECD), which it now estimates at 1.8%, after the expansion 2.5% in 2023, while maintaining the expectation of a rebound in activity to 2% by 2025.

In this way, the Spanish economy will continue to grow this year and next substantially above the euro zone average, whose expansion has been revised upward by the OECD to 0.7% and 1.5%, respectively, since 0.6% in 2024 and 1.3% in 2025, anticipated in February.

In addition to confirmation that Spain's manufacturing sector activity accelerated its growth in April, driven by the fact that companies reinforced production and employment levels in response to increased market demand, according to index data PMI.

Thus, Spain's manufacturing PMI was above the unchanged level of 50 in April for the third consecutive month. Thus, it rose from the 51.4 recorded in March to 52.2 in April, which represents the strongest improvement in operating conditions since June 2022.

In this context, at midday the Ibex 35 values ​​that rose the most are, along with Aena and Sabadell, Acciona Energía (3.25%), Unicaja Banco (3.02%) and Grifols (2.52%).

On the opposite side, the falls of BBVA (-2.86%), Repsol (-2.48%), Rovi (-1.13%), Inditex (-0.89%), Indra (-0. 22%) and Santander (-0.21%).

The increases were the common denominator in the reference European markets. Thus, London registered an increase of 0.30%; Milan 0.12% and Frankfurt 0.10%. The exception was Paris, which left 0.77%.

In the middle section of the negotiation, the barrel of Brent was trading with an increase of 0.62%, up to 84.06 dollars, while the West Texas Intermediate (WTI) stood at 79.54 dollars, up 0.54 % further.

In the debt market, the yield on the Spanish bond with a 10-year maturity stood at 3.193%, while the risk premium against German debt stood at 68 points.

In the foreign exchange market, the euro appreciates against the dollar, reaching an exchange rate of 1.07 'greenbacks' for each unit of the community currency.