MADRID, 14 (EUROPA PRESS)
The Ibex 35 closed Thursday's session at 15,206.4 points, up 1.24% compared to Wednesday. BBVA gained 2% on a day when it announced its decision to initiate legal proceedings over the government's takeover bid conditions for Banco Sabadell.
Last July, the bank led by Carlos Torres appealed to the Supreme Court against the condition set by the government for approving the takeover bid for the Catalan bank. This condition requires both entities to have independent assets and management for a minimum period of three years, extendable to five.
"Although this situation shouldn't change anything about the takeover bid in the short term, as the analysis could take up to a year, this period is within the three-year restriction proposed by the government. If the Supreme Court overturns or relaxes the conditions, BBVA could integrate Sabadell sooner than expected," said XTB analyst Manuel Pinto.
On the international scene, US President Donald Trump is considering naming Jerome Powell's successor as head of the Fed from a list of eleven candidates, three of whom have not yet been revealed.
Likewise, it was announced this Thursday that the United Kingdom's gross domestic product (GDP) registered a 0.3% expansion in the second quarter of the year, four-tenths of a percentage point below the 0.7% growth experienced in the first three months of 2025.
Meanwhile, eurozone GDP growth slowed to 0.1% in the second quarter of the year, coinciding with the height of trade tensions, compared to the 0.6% expansion observed in the first three months of 2025, Eurostat confirmed on Thursday.
Regarding Spain, the INE has reported that industrial turnover rose 3.4% in June compared to the same month in 2024, while the services sector's turnover increased by 6.4% in the sixth month of the year.
The stocks that have risen the most this Thursday have been Iberdrola (+2.14%), BBVA (+2%), ACS (+1.87%), Ferrovial (+1.84%), Endesa (+1.81%), Inditex (+1.41%), Redeia (+1.23%) and Amadeus (+1.16%).
Only four components of the index ended the session in the red: Grifols (-0.87%), Repsol (-0.45%), Puig Brands (-0.37%) and Logista (-0.27%).
The rest of the major European stock markets also reacted upwards this Thursday. London rose 0.08%; Paris, 0.74%; Frankfurt, 0.75%; and Milan, 1.04%.
A barrel of Brent crude oil was trading at $66.74 at the close of the European session, up 1.69%, while West Texas Intermediate (WTI) crude oil reached $63.79, up 1.84%.
The yield on the 10-year Spanish sovereign bond reached 3.265% this Thursday, compared to 3.232% at Wednesday's close. The risk premium on German debt thus rose three-tenths of a percentage point, to 55.5 basis points.
In the foreign exchange market, the euro depreciated 0.55% against the dollar at the close of trading in Europe, reaching an exchange rate of 1.1643 dollars per euro.
Although Bitcoin reached new all-time highs today, touching $124,000 per unit of the cryptocurrency, by the end of the European session it had fallen to around $118,000.
