The Ibex 35 moderates its advance to 0.28% and closes again below 9,200 integers


The Ibex 35 has closed with an advance of 0.28%, which has led it to stand at 9,183.2 integers at the end of the session, staying again below the level of 9,200 integers, as it already happened in yesterday’s session, despite having flirted with this level on both days.

This Tuesday it has been known that unemployment in Spain fell by 48,755 unemployed in the third month of the year, while Social Security affiliation achieved its best March in history, with 206,410 newly employed.

Likewise, attention also continues on oil, after the cut announced by OPEC and its allies, after which the price of crude oil registered a new rise and is now above the level of 80 dollars for both Brent references like West Texas Intermediate.

At the close of the session in Spain, the barrel of Brent observed a decrease of 0.54% compared to yesterday’s session, reaching a price of 84.45 dollars, while the West Texas Intermediate fell 0.31%, up to $80.19.

In the United States, it has been known that the number of unfilled jobs fell below the threshold of 10 million vacancies last February for the first time since May 2021, according to data from the Department of Labor.

In addition, investors have been waiting today for the annual general meeting of Credit Suisse, whose board of directors has apologized to the bank’s shareholders for failing to prevent the collapse of the Swiss entity, founded 167 years ago. In addition, the leadership of the entity has defended that the hasty merger with UBS represented the only alternative to avoid a catastrophe, not only for Switzerland, but for the world economy.

At the same meeting, Credit Suisse shareholders have rejected the proposal for the payment of a maximum compensation of 34 million Swiss francs (34.2 million euros) as fixed compensation for the bank’s executive committee, and with a majority of 55.67% of the votes represented, have re-elected Axel P. Lehmann as president of the entity “for an additional period until the closure of the planned merger with UBS”.

Returning to the Ibex 35, the best performance recorded at the end of the session on Tuesday was that of Cellnex, which rose 2.84%, as the search for a new CEO was unblocked on the board, followed by BBVA (+1.75%), Fluidra (+1.70%), Rovi (+1.66%), Indra (+1.20%) and Acciona Energía (+1.01%).

On the other hand, Repsol has been the ‘red lantern’ of the day, with a drop in its price of 3.22%, given the little bellows with which crude oil has risen after the production cut announced by OPEC+. Behind were ArcelorMittal (-2.46%), Acerinox (-1.93%), Grifols (-1.78%), Meliá (-1.51%) and Solaria (-1.35%).

Compared to the rest of the major European markets, the German DAX index has advanced by 0.14%, while the French CAC 40 has remained practically stable (-0.01%) at the close, the British FTSE 100 has fallen by 0, 50% and the Italian FTSE MIB, 0.56%.

The yield of the 10-year Spanish bond in the secondary debt markets stood at 3.283% towards mid-session, above the 3.275% at the end of Monday. In this way, the risk premium observed a flat evolution at 102 basis points, despite the fact that in the first minutes of the session it fell to 100 points.

In the foreign exchange market, the euro appreciated 0.53% against the dollar, up to 1.0957 dollars for each euro. In this way, the community currency settled above the level of 1.09 dollars.

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