Sabadell drives Ibex up by 0.38% with 6.6% increase from BBVA merger

Ibex 35 Rebounds from Tuesday Losses; Banco Sabadell Drives Gains with Merger Offer

On Thursday, the Ibex 35 began its session with an increase, reaching 10,900 points. This was driven by Banco Sabadell following the proposed merger exchange offer by BBVA. The index started at 10,896 points, up 0.38%, recovering from previous losses suffered on Tuesday.

Banco Sabadell led the gains on the Ibex 35, rising initially by 8% and later settling at a 6.65% increase. BBVA saw losses of almost 2%, with their merger offer to Banco Sabadell including a 30% premium. This move led to significant market movements for both banks.

Other notable gainers on the Ibex 35 included Aena, Solaria, Unicaja Banco, and Grifols. Meanwhile, Rovi and Repsol faced losses alongside BBVA. The market was also influenced by the Federal Reserve’s decision to keep interest rates unchanged and delay any future cuts. This led to stable oil prices and bond yields, with the euro slightly rising.

In addition to market news, there were various articles discussing the benefits and tips for choosing the right aesthetic services and properties for sale. These topics covered a range of factors to consider when making important decisions in these areas.

Overall, it was a positive day for investors as they took advantage of buying opportunities presented by the bullish stock market conditions.

As investors continued their search for profitable investment opportunities in Spain’s stock market, they were drawn to companies that could benefit from ongoing mergers and acquisitions activity.

One such company was Banco Sabadell which saw its share price rise after receiving a merger offer from BBVA at a premium of over 30%. This move led other companies such as Aena and Unicaja Banco also saw gains in their share prices.

The Federal Reserve’s decision not to cut interest rates further also contributed to stable oil prices and bond yields while keeping euro slightly higher.

Apart from these macroeconomic factors, there were several articles published online that provided useful tips on how individuals can choose the best aesthetic services or properties for sale based on different criteria such as location or design preferences.

Overall, it appears that Spain’s stock market is continuing its upward trend despite some volatility earlier in the week due to political developments in Europe.

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