The Ibex 35 opened this Thursday’s session with increases and was looking at the 10,900 points driven by a Banco Sabadell triggered by the exchange offer proposed by BBVA for a merger.
Specifically, the selective obtained 10,896 points at its beginning, with an increase of 0.38%, which thus left behind, after the festive day this Wednesday for Labor Day, the losses suffered on Tuesday (-2, 2%), in your worst session in 14 months.
Banco Sabadell notably led the gains on the Ibex 35, with an increase that was 8% in the first moments and that stood at 6.65% minutes later, up to 1.915 euros per share. For its part, BBVA’s losses They were almost 2%up to 9.99 euros.
This Wednesday, BBVA announced that to articulate the merger operation it offered Banco Sabadell a share exchange with a 30% premium over the price of the entity chaired by Josep Oliu at the close of Monday, before the interest was known. Compared to Tuesday, when Sabadell rose 3.4% on the Stock Market, the first evening by 17%.
Together with Banco Sabadell, the increases in Aena, which rose 4%; as well as Solaria, with a rebound of 3.3%; Unicaja Banco (+3.1%; and Grifols (+3%).
Regarding the losses of the Spanish selective, those of Rovi, which yields 2.1%followed by Repsol, losing 2%, as well as BBVA.
The market was also marked in this session by the Fed’s message this Wednesday, which I left the rates at 5.5% and warned that there will be a delay in the cuts schedule, so the price of money will remain at highs longer than expected, because inflation remains higher.
At the opening, the barrel of Brent was trading with increases, up to 84 dollars while the West Texas Intermediate (WTI) stood at $79.5.
For its part, the yield on the 10-year Spanish bond was at the opening 3,348%while the euro rises slightly, to 1.71 dollars.