The Ibex 35 closed this Tuesday’s session with a fall of 1.72% until the 11,673.5 pointswith banking leading the declines, which have exceeded 6%, and the geopolitical uncertainty of the Middle East as a backdrop.
This Tuesday, the United States has assured that Iran could be preparing a “imminent attack” with ballistic missiles against Israelall of this after the spike in Israeli air attacks against targets of the Shiite party-militia Hezbollah in Lebanon and after the ground incursion this morning.
Iran already launched a barrage of missiles against Israel in mid-April in response to the bombing carried out by the Israeli Army against the Iranian consulate in the Syrian capital, Damascus, where 16 people died, including several high-ranking Iranian soldiers. That massive attack by Iran was repelled by Israel and its partners, including the United States.
The instability in the region comes just a day before the Inter-Ministerial Committee of the Organization of the Petroleum Exporting Countries meets (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 adjustment.
Added to the geopolitical risks is that this Tuesday it became known that the euro zone inflation It stood at 1.8% in September, which represents a decrease of 2.2% compared to August. This is the lowest reading of the data since 2021 and the first time that inflation is below 2% since the European Central Bank (ECB) began to raise interest rates.
Added to this is that yesterday the president of the ECB, Christine Lagardedefended before the European Parliament the body’s “confidence” that inflation would return to the 2% target. On the contrary, the president of the United States Federal Reserve (Fed), Jerome Powell, pointed out that the monetary authority is in no hurry to cut interest rates at a rapid pace.
On the other hand, the Spanish Public Treasury has placed 4,791.848 million euros in short-term debt this Tuesday, in the expected medium-low range, and has done so by offering lower returns for both the six-month bills and the reference to twelve months.
Within the business landscape, Cellnex has appointed Óscar Fanjul, non-executive president, who was already an independent director of the company. She thus replaces Anne Bouverot.
Likewise, although it is a measure that had already been advanced months ago, the Bank of Spain decided this Tuesday that in the fourth quarter it will set the countercyclical capital buffer at 0.5%, which will be applicable from October 1, 2025.
Ibex 35 companies
The biggest increases in the Ibex 35 have been:
- Solaria: +1.83%
- Cellnex: +1.43%
- Naturgy: +1.12%
While the biggest declines in the Ibex 35 have been:
- Caixabank: -5.37%
- Single box: -6.38%
- Sabadell Bank: -6.52%
International markets
The main European stock markets were positioned as follows:
- Paris: -0.96%
- London: +0.49%
- Frankfurt: -0.65%
- Milan: -1.05%
In this way, the barrel of Brent It shot up 4.13% at the close of the European session, up to $74.66, while West Texas Intermediate (WTI) reached $71.17, up 4.40%.
In the market of debtthe yield on the Spanish sovereign bond maturing in 10 years has reached 2.837%, from 2.926% at Monday’s close. In this way, the risk premium was reduced by six tenths, to 79.7 basis points.
In the market of foreign exchangethe euro depreciated 0.61% against the dollar, so that it fell to an exchange rate of 1.1068 dollars for each euro.
