The Ibex index exceeded 11,100 points, adding 2.3% over the week.

The sixth consecutive session of growth in European stock markets led to the fact that German, French and British indices renewed their highs. The Ibex index, which was down yesterday, resumed growth and added 0.50% to 11,105.50 points in a day marked by reaction to BBVA’s takeover bid for Sabadell and commercial results. The Spanish selective ends the week up 2.3%.

At the next session, European investors made a choice in favor of purchases, and the main indices of the Old Continent have been growing for six days. After yesterday’s bracket, the Spanish stock market also joined in the growth, raising Ibex above 11,100 points and ending the week with a clearly positive balance. The focus remains on the development of BBVA’s takeover bid for Sabadell, as well as the publication of new business results.

After being penalized by 6.7% in yesterday’s session for presenting a hostile takeover bid, BBVA shares jumped 1.15% today, while Sabadell rose 0.73% after CNMV reported that BBVA violated takeover laws.

MAG received the publication of its results with a timid decrease of 0.19%. In the first quarter, the airline reduced its red figures by 95.4%, losing 4 million euros. On the contrary, another company in the tourism sector, Melia (+3.13%), confidently quoted the results presented yesterday at the close of the session. The hotel company earned 7.5 million through March, compared with a loss of 500 thousand euros a year ago.

Fluidrawhich fell almost 4% after reporting yesterday, jumped 7.27% today led by Ibex as a result of improved guidance from JPMorgan, which moves from “neutral” to “overweight” and raises its price target from €22 to €24/ share.

Investors also continue to pay close attention to securities Ferrovial, which debuted yesterday on the Nasdaq down after opening up close to 20%. Today it lost 2.37% at the bottom of the Ibex index.

Other European stock markets joined in the rise. The German Dax index, up 0.46%, set new all-time highs and is now heading towards 19,000 points. Britain’s Ftse added 0.63% after news that the UK’s GDP rose 0.6% in the first quarter, helping it avoid a recession. French Cac recorded an increase of 0.38%, and Italian Mib – by 0.93%.

The session started with shopping in debt market, with a subsequent fall in profitability (which develops in the opposite direction to price). However, the University of Michigan consumer confidence data, which fell to its lowest level in six months, gave way to sales. The US 10-year yield rose to 4.50%. In Europe, German bond yields are above 2.50%, while Spanish 10-year bond yields are around 3.30%.

Market Oil Today it is trading lower in anticipation of events taking place in the Middle East and economic developments, judging by published data. Barrel price Brent falls below $84 and crude oil West TexasUS link, loses $79.

Calm reigns in foreign currency, while the euro is stable below $1.08. The pound, in turn, remains at 1.25%. Price gold finally manages to rebound from the area of ​​2320-2330 dollars per ounce, where it was stuck in recent sessions, and today exceeds 2370 dollars. He bitcoinon the other hand, falls below $61,000.