He IBEX 35 has started this Tuesday's session with an advance of 0.08%, standing at 14,003 points Shortly after the opening, on a day marked by the continuity of the BBVA Public Acquisition (OPA) Public Offer on Banco Sabadell and the new commercial tensions between the United States and Japan.
This begins the month of July for the selective Madrid, after closing June with a drop of 1.13% compared to May, weighed by the volatility derived from geopolitical tensions between Israel, Iran and the United States.
In the business field, BBVA has announced that it will continue with its OPA on Sabadell after analyzing the condition imposed by the Spanish government, which requires that both entities maintain their legal personality and separate assets, as well as autonomy in management, for at least three years, extendable for two others.
For its part, Banco Sabadell Board of Directors plans to meet this Tuesday to evaluate the possible sale of its British subsidiary, TSB, once the deadline to receive binding offers last Friday is over. Banco Santander and Barclays have shown interest in the Catalan Bank.
In the macroeconomic field, The Spanish public treasure plans to capture between 5,000 and 6,000 million Of euros in an auction of letters to six and twelve months, the first broadcast scheduled for this month.
Meanwhile, on the international stage, the European Union is willing to accept a 10% universal tariff for much of its exports to the United States with the aim of calming the protectionist threats of President Donald Trump. Brussels, however, continues to negotiate the possibility of applying lower types to strategic sectors.
Trump, on the other hand, has announced the imposition of new tariffs on Japan, one of his closest allies, as retaliation for Tokyo's refusal to increase his purchases of American rice, despite – according to the president – to suffer internal shortage of this product.
In the stock market, Solaria a rise of 1.08% is recorded and Banco Sabadell 1.07% and lead the increases In the first bars of the day, while Acerinox (-1.29%) and Indra (-0.38%) recorded the largest falls, penalized by the ex-dividend effect.
The rest of the main European places showed disparate behavior. While London, Frankfurt and Paris advanced 0.27%, 0.15%and 0.08%, respectively, Milan fell 0.25%.
In raw material markets, the price of Brent barrel, reference in Europe, rose 0.21%, to $ 66.88, while West Texas Intermediate (WTI), a reference in the United States, rebounded 0.2%, to 65.22 dollars.
In the currency market, the euro was changed to $ 1,1780, while the profitability of the Spanish bonus at ten years declined to 3,219%.