Ibex 35 loses ground again, punished by Acciona Energía and IAG, but retains 11,600 points.

The Spanish stock market is in the red again. with a change in mood to positive in the rest of the European markets and on Wall Street following the closing results, although the escalation of tensions in the Middle East between Israel and Iran is still very much alive and the situation today is difficult in front of the UN, and the refusal of its Secretary General to enter Israel and the greater direct participation of the United States in helping Israel against missiles coming from Tehran.

And again, Spanish stocks face the most punishment despite recovering from the first hour as a rebound from yesterday’s sharp decline in banks, although their lower strength in the final part of the session extended the decline at the close. As a result, it maintained the level of 11,600 points.

The IBEX 35 index closed on Wednesday down 0.55% to 11,609.80 points, as Acciona Energía fell by 2.90%, IAG (Iberia) by 2.55% and Iberdrola by 1.94%, as well as gains in shares like Solaria by 5.99%, Indra by 4.07% and Grifols A. by 1.17%.

In related news, BBVA has adjusted the terms of the hostile takeover bid filed for Banco Sabadell, including a cash payment.

In particular, BBVA agreed to adjust the consideration for the takeover offer (OPA) of Banco Sabadell for the shareholders of this enterprise, taking into account the payment of dividends made on Tuesday by the bank of Catalan origin, as well as the shareholder remuneration that will be paid to the bank chaired by Carlos Torres on October 10, in order to maintain economic conditions of supply after dividends are paid by both companies.

From October 10 it will become one BBVA share and 0.29 euros in cash for every 5.0196 Sabadell shares.

In terms of analyst recommendations, it’s bad news for oil company Repsol, which expects Barclays to cut its price target to 18 euros per share from 22 and Citigroup to cut its target price to 14.50 euros, down from the previous 17 euros. Despite these reductions, the potential for both estimates is high – 50% and 21.6%, respectively. Despite this, the dynamics of crude oil prices left their value positive.

In addition to Goldman Sachs, there is high-profile support for Iberdrola, which the bank believes has broken its all-time highs. The firm raises its price target to 16 euros from the previous 15 euros. Growth potential is 15%.

On the other hand, RBC raises Solaria’s target price to 16.5 euros from 15.5 euros per share. The bullish potential is 41.26% using yesterday’s closing price as a reference.

On a positive note, we see Indra starting the “formal process” for the sale of Minsait’s payments subsidiary, Minsait Payments.

Already in the rest of Europe the final restoration of indicators, with the exception of Dax. The EURO STOXX 50 highlights the achievements of the energy sector: TotalEnergies, Rio Tinto and Shell and also B.P. restoration of positions from Prosusin the face of the fall of Iberdrola and Sanofi

Together with energy, basic materials and technologies, they lead to reductions in costs for utilities, the healthcare sector and non-cyclical consumption.

At the end of the trading day, the EURO STOXX 50 index increased by 0.14% to 4961 points. Dax Frankfurt was down 0.18% to 19,165 points. FT 100 closed up 0.16% at 8,290 points, while the CAC 40 ended the day down 0.05% at 7,577 points.

On Wall Street, the session was at the opening levels of major indicators with an eye on early private sector employment data, with job growth stronger than expected.

On the corporate front, Nike shares fell more than 5.6% after the sneaker giant withdrew full-year guidance and postponed Investor Day in preparation for the arrival of a new CEO: Elliot Hill will take over at Nike on October 14th..

The company also posted mixed financial results for the first quarter, beating earnings expectations by 70 cents per share. However, revenue amounted to $11.59 billion and fell short of the $11.65 billion expected by analysts.

Humana shares fell 16%, hitting their lowest since the start of the year, after the health care company’s announcement. very negative preliminary Medicare Advantage data for 2025.. The company filing said 25% of its members are currently enrolled in plans rated 4 stars or higher for next year, up from 94% in 2024.

At the end of the day on the Spanish stock market, the DOW JONES index rises by 0.10% to 42,200 points, the S&P 500 index adds 0.06% to 5,712 points. and Nasdaq OMX rose 0.17% to 17,943.

Already in the fixed income space, asset yields are rising sharply, with Spain’s 10-year yield rising 2.22% to 2.903% and German bond yields rising 3.23% to 2.903% to 1,090%. The Spanish risk premium rose 0.6% to 78.90 basis points.

On the commodity side, there is another rebound, pushing oil prices up more than 8% over the past two days due to escalating conflict in the Middle East and Iran’s direct confrontation with Israel, as well as the United States’ promise retribution against Tehran. regime in the face of the ballistic missile attack that occurred yesterday.

Despite this, growth is slowing down Brent futures are trading at $74.54. and is up 0.32%, while West Texas is up 1.42% to $70.81.

Gold is cutting ground against gold, with the futures price at $2,665 an ounce, down 0.95, while the spot price moves to $2,645, down 0.7%.

Finally, Bitcoin fell 2% to $61,351, while the euro-dollar ratio traded at 1.1038 units and the single currency lost 0.26%.