Ibex 35 is struggling to hold on at 11,800, with all eyes on the US.

The IBEX 35 index fell 0.09% at Tuesday’s opening to 11,794.00. The biggest declines in the early hours were IAG (Iberia), which lost 0.63%, while Inmobiliaria Colonial lost 0.36%. ArcelorMittal shares rose 0.92% and Grifols rose 0.91%.

One focus is on Naturgy (Gas Natural), following the revelation last night that Blacrock has committed not to represent, promote or sponsor Naturgy to the board of directors or AGM. no proposals to delist Naturgy shares from Spanish stock exchanges within the next three years after closing the deal to purchase fund manager GIP, owner of 20.641% of the authorized capital of the energy company.

Thus, the American manager accepted one of the demands put forward by the government on September 17 for approval of this operation. According to information sent to the National Securities Market Commission (CNMV), Blackrock has made further commitments, such as maintaining a significant part of the group’s workforce in Spain for five years after the closure of the operation.

Grifols also remains on the radar ahead of a takeover bid prepared by the founding family and Brookfield. Today Confidentially assured that Morgan Stanley will convene the Grifols board of directors to evaluate the takeover bid in a crucial week. According to sources cited by this newspaper, the Canadian fund will soon decide whether to continue its intentions to take control of the Catalan company and, above all, what price it will offer to minority shareholders.

Ferrovial company reported this. The interim dividend, which will be distributed in December, will amount to €0.4597 per share. existing dividend of €0.01 at par, representing an increase of 7.4% compared to the dividend paid last year, which was €0.428. Thus, starting December 13 next year, the company will pay cash dividends and issue new company shares.

In other news of the day, ACS will build three new data centers in the US for 1.850 million, according to information provided Five days And Extension. The Spanish group, through its subsidiary Turner, will be responsible for the construction of the Ohio campus with three buildings and a total storage capacity of 192 megawatts (MW).

Also in the infrastructure construction sector, Sacyr will consolidate concessions in Spain, Italy, Colombia, Chile and Uruguay in Voreantis, he said. Economist.

Investors learned about the macroeconomic agenda on Tuesday just during the opening of unemployment data recorded in Spain: according to known data, Unemployment rose by 26,769 in October, driven by the services sector. and exceeds 2.6 million. However, in October, the Social Security Service added 134,307 branches and a record number of employees – more than 21.3 million people.

Meanwhile, the US will release the trade balance for September, as well as PMI Services and ISM data for October. However, all eyes are on presidential election pitting Vice President Kamala Harris against former President Donald Trumpwith the latest polls indicating that the race will be very tight, which yesterday caused investors to reduce and/or close some of their positions.

“This solution could be a ‘double-edged sword’ that could work well if the election results are inconclusive and it takes days to know the winner, but it could go wrong if a clear election winner is declared tomorrow, which would suddenly reduce uncertainty , since investors will already know what to expect,” says Juan J. Fernandez-Figares of Link Gestión. “Moreover, if The end result is what we think is best for the stock markets: whoever wins, their party has no control of Congress. – it’s okay if he doesn’t control one of the two chambers – stock markets can celebrate with a rise, since it will prevent either of the two candidates from implementing their election programs, programs that most investors are not fully convinced of. .

At the moment, caution continues to dominate European stock markets: the DAX index falls slightly to 19,160.65 points, the FT-100 falls to 8,179.68 points, the CAC 40 rises above 7,378.55 points, the EURO STOXX 50 opens above 4,856 .45 points after an increase of 0.09%. while the FTSE MIB starts up 0.07%. up to 35,574 points.

Wall Street futures pointed to an opening higher after the major indexes fell yesterday, with the DOW JONES falling 0.61% compared with 0.28% for the S&P 500 and 0.33% for the Nasdaq. NVIDIA, which yesterday at times became the most valuable company in the world, abandoned this behavior, although as a result of the closure, Apple regained its throne. NVIDIA will replace Intel in the Dow Jones index later this week.

Stock markets moved sideways during the Asian session, including the US, although the Nikkei 225 index took advantage of its return to activity after yesterday’s close to make up for lost time, rising 1 point. closing 42% to 38,595.50 points. Also strong growth – about 2.5% – for the Chinese CSI 300.

In commodity markets, oil prices traded in a tight range ahead of the election after rising more than 2% in the previous session as OPEC+ delayed its plans to increase output in December.

In Europe, benchmark Brent crude fell 0.05% to $75.04 a barrel early in the morning, while West Texas crude futures rose 0.13% to $71.56 a barrel.

The euro rose 0.08% against the dollar until the exchange rate reached $1.0888 for each community currency.

On fixed income, Spanish 10-year bonds offer a secondary market yield of 3.11%, resulting in a risk premium over Germany of 70.55 points. US bonds offer a yield of 4.302%.