He IBEX 35, the main index of the Spanish Stock Market, has started the session this Thursday with a drop greater than 1% in the absence of new stimuli from the US Federal Reserve (Fed), which leads it to fight to maintain 7,000 points.
In this way, after rising 1.06% this Wednesday to consolidate the 7,100 points, the selective Madrid started the session returning to the psychological level of 7,000 integers, in a day in which Caixabank and Bankia will be the protagonists.
Specifically, the boards of directors of CaixaBank and Bankia will meet this Thursday, once they have all the data of the ‘due diligence’, to address the proposed merger and define the price of the operation, according to financial sources consulted by Europa Press.
In the early stages of the session, most stocks were trading in the red, led by Indra (-2.46%), Santander (-2.28%), BBVA (-1.65%), Colonial (-1.6%), Meliá Hotels International (-1.48%), Telefónica (-1.41% 9 and Amadeus (-1.47%), while on the other side were Caixabank (+ 1.32%), Naturgy Energy (+ 0.23%), Bankia (+ 0.21%) and Enagás (+ 0.12%).
The rest of European squares were also listed in red, with losses of 1.45% for Frankfurt, 1.1% for Paris and 0.9% for London. In this scenario, a barrel of West Texas Intermediate (WTI) oil, the benchmark for the United States, was trading at $ 39 at 9:01 am, after falling 1%, while Brent crude, the benchmark for Europe, set a price $ 41, down 1%.
For its part, the Spanish risk premium stood at 74 basis points, with the interest required on the ten-year bond at 0.267%, while the price of the euro against the dollar stood at 1.1778 « greenbacks ».
The Public Treasury holds a new auction this Thursday in which it will offer investors bonds and government bonds, with which it expects to place between 4,000 and 5,000 million euros, according to the emission targets published on its website.