On Thursday, the Ibex 35 index began its session with an increase, reaching a high of 10,900 points. This was driven by Banco Sabadell following the proposed merger exchange offer by BBVA. Despite this, the index had started at 10,896 points, up just 0.38%, recovering from losses suffered on Tuesday.
Banco Sabadell led the gains on the Ibex 35, rising an impressive 8% initially before settling at a slightly lower 6.65% increase. BBVA saw losses of almost 2% as a result of the merger offer by BBVA to Banco Sabadell, which included a 30% premium. This move caused significant market movements for both banks.
Other notable gainers on the Ibex 35 included Aena, Solaria, Unicaja Banco and Grifols. Meanwhile, Rovi and Repsol faced losses alongside BBVA. The market was also influenced by the Federal Reserve’s decision to keep interest rates unchanged and delay any future cuts, which led to stable oil prices and bond yields with the euro slightly rising.
In addition to market news, there were various articles discussing tips for choosing aesthetic services and properties for sale. These topics covered a range of factors to consider when making important decisions in these areas.
Overall, it was a busy day for investors on the Spanish stock exchange as they navigated various factors affecting their investments and made informed decisions based on available information.