The Ibex 35 closed this Tuesday’s session with a fall of 1.72% until 11,673.5 pointswith the banking sector leading the declines, which exceeded 6%, and the geopolitical uncertainty of the Middle East as a backdrop.
This Tuesday, the United States assured that Iran could prepare a “imminent attack” with ballistic missiles against Israelall this after the increase in Israeli air attacks against targets of the Shiite militia party Hezbollah in Lebanon and after this morning’s ground incursion.
Iran already launched a barrage of missiles against Israel in mid-April in response to the Israeli army’s bombing of the Iranian consulate in the Syrian capital, Damascus, where 16 people died, including several senior Iranian soldiers. rank. This massive attack by Iran was repelled by Israel and its partners, including the United States.
The instability in the region comes on the eve of the meeting of the Interministerial Committee of the Organization of the Petroleum Exporting Countries (OPEC) and their allies. Although the group of countries is not expected to make a decision before its regular meeting on December 1, the geopolitical factor could precipitate some adjustments.
Added to the geopolitical risks is the fact that we learned this Tuesday that the inflation in the eurozone It stood at 1.8% in September, which represents a drop of 2.2% compared to August. This is the lowest figure in the data since 2021 and the first time inflation has been below 2% since the European Central Bank (ECB) began raising interest rates.
Added to this is the fact that yesterday the president of BCE, Christine Lagardedefended before the European Parliament the body’s “confidence” in the fact that inflation would return to the 2% target. On the contrary, the Chairman of the American Federal Reserve (Fed), Jerome Powell, stressed that the monetary authority was in no hurry to lower interest rates at a rapid pace.
On the other hand, the Spanish Public Treasury placed this Tuesday 4,791.848 million euros of short-term debt, in the expected medium-low range, and did so by offering lower yields both for the six-month bills than for the twelve-month reference.
In the business landscape, Cellnex appointed Óscar Fanjul, non-executive chairman, who was already an independent director of the company. She thus replaces Anne Bouverot.
Likewise, although it is a measure already advanced months ago, the Bank of Spain decided this Tuesday to set in the fourth quarter the countercyclical capital buffer at 0.5%, which will be applicable from October 1, 2025.
Ibex 35 companies
The biggest increases of the Ibex 35 were:
- Solaria: +1.83%
- Cellnex: +1.43%
- Naturgy: +1.12%
While the biggest declines in the Ibex 35 were:
- Caixabanque: -5.37%
- Single box: -6.38%
- Sabadell Bank: -6.52%
International markets
The main European stock exchanges are positioned as follows:
- Paris: -0.96%
- London: +0.49%
- Frankfurt: -0.65%
- Milan: -1.05%
In this way, the barrel Brent It soared 4.13% at the close of the European session, to $74.66, while West Texas Intermediate (WTI) reached $71.17, up 4.40%.
On the market of debtthe yield on the 10-year Spanish sovereign bond reached 2.837%, compared to 2.926% at Monday’s close. The risk premium was thus reduced by six tenths, to 79.7 basis points.
On the market of exchangethe euro depreciated by 0.61% against the dollar, so that it fell to an exchange rate of 1.1068 dollars for each euro.
