The Ibex 35 closed this Thursday down by 0.99%, at 18,928.9 points, weighed down by uncertainty over a new escalation of tensions in the Middle East.
The Ibex 35 closed the session this Thursday with a decrease of 0.99%, settling at 18,928.9 points, after the intraday low approached 18,800 points. Uncertainty regarding a new escalation of tensions in the Middle East has marked the evolution of the markets across all modalities, according to Europa Press.
With no clear end to the conflict between the United States and Iran, some reports suggest that US President Donald Trump has ordered the Pentagon to devise attack options against the Islamic Republic to be executed before the midterm elections. Meanwhile, attacks on oil tankers in the Strait of Hormuz continue, through which a quarter of the world's oil and gas flowed before the war. This strategic passage has been subject to an Iranian blockade for weeks, along with a broader blockade imposed by the United States.
Yesterday at market close, it was revealed that most participants in the Fed meeting in September held that a new increase in interest rates would be "appropriate" by the end of this year, opening the door to further monetary tightening before the end of 2026.
"The probability of an additional hike in October remains at 20% (it was at 70% just after the meeting), and we are awaiting the next CPI data for September that we will know next week," analysts from Renta 4 noted.
In this context, Repsol was the main gainer (+5.06%), ahead of Endesa (+1.84%), Enagás (+1.79%), Naturgy (+1.29%) and Logista (+0.98%). The declines were particularly noted in IAG (-3.23%), Aena (-3%), Banco Santander (-2.85%), Grifols (-2.65%), ArcelorMittal (-2.52%) and Unicaja (-2.13%).
The rest of the major European markets also fell: London, down 0.16%; Paris, down 0.51%; Frankfurt, down 1.18%; and Milano, down 1.35%.
Oil, on the other hand, was rising strongly at the close of the European session, with Brent up 5.54%, reaching $105.73, and West Texas Intermediate (WTI) hitting $92.84, up 5.17%.
In the fixed income market, the yield on the 10-year sovereign bond closed at 4.123%, compared to 4.118% at Wednesday's close. Meanwhile, the risk premium narrowed to 62.8 basis points.
In the currency market, the euro remained virtually stable against the dollar, trading at an exchange rate of $1.191 per euro.
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