The Ibex rises 1.5% at the close and regains 11,000 integers thanks to BBVA and Santander

MADRID, 7 May.

The Ibex rises 1.5% at the close and regains 11,000 integers thanks to BBVA and Santander


The Ibex 35 has increased by 1.50% in today's session, reaching 11,080.9 integers, after having lost this level last week, thanks to the advance that two banking securities have registered today: BBVA and Santander.

In the absence of major references, the Spanish selective has been influenced by the rejection that Sabadell gave yesterday to the merger offer announced by BBVA last week. According to the analysts consulted by Europa Press, the options of the bank chaired by Carlos Torres now involve either withdrawing, launching a hostile takeover bid for Sabadell, or improving the offer, which is the "most likely" option.

In fact, experts agree that BBVA could offer a cash payment to carry out the operation that complements a capital increase, compared to the proposal it announced last week and which only included a share exchange.

In this way, after Solaria, which has increased by 5.23%, and Fluidra, with 4.84%, it was followed by BBVA, which has advanced by 3.61% and Banco Santander, with an increase of 3.30%. %. On the other hand, Banco Sabadell fell 0.45% in the session, although it maintains the price of 1.8 euros per share that it reached after BBVA's intentions were known. The 'red lantern' of the session has, however, been IAG, which has recorded a drop of 2.95%.

Renta 4 analysts highlight the attention that markets have paid to geopolitical risk in the Middle East, where the ceasefire between Israel and Iran has been rejected. In fact, Israel has taken over the Palestinian part of the Rafah crossing, which connects the Gaza Strip to Egypt.

They also include the decision of the Bank of Australia to maintain interest rates at 4.35%, in line with what was expected and in the face of higher than expected inflation in the country.

At the business level, they highlight the "resilience" of earnings estimates in the US, since the consensus of analysts has increased their earnings per share (EPS) forecasts for the second quarter, when "historically, in the same review period, it is usually downwards.

In Spain, the Public Treasury has placed 5,453.56 million euros this Tuesday in the first May auction of six- and twelve-month bills, practically within the maximum range expected, and has done so by lowering the profitability offered in both auctions, according to the data provided by the Bank of Spain.

The rest of the main European stock markets have also closed this Tuesday's session with advances: Frankfurt has risen 1.40%; London, 1.22%; Paris, 0.99% and Milan, 0.75%.

In the raw materials market, the price of a barrel of Brent quality oil, a reference for the Old Continent, fell by 0.29%, to 83.09 dollars, while that of Texas stood at 78.30 dollars, 0.24% less.

In the foreign exchange market, the price of the euro against the dollar fell slightly to 1.0767 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond stood at 3.198% after subtracting two basic four, with the risk premium (the differential with the German bond) at 77 points.