The Ibex 35 has closed the session with a drop of 0.62%, standing at 19,632.20 points. The pressure from oil prices and the rise in bond yields mark the day.
With a drop of 0.62%, the Ibex 35 is positioned at 19,632.20 points at the close of the session, according to expansion.com. This situation has been influenced by the rise in oil prices, which are once again above 100 dollars, and an increase in bond yields following data on business activity in the United States.
European indices have closed in negative territory, with the Spanish market finding some support in the banking sector. CaixaBank leads the gains after receiving an upgrade recommendation from UBS, which recommends 'buy' with a target price of 14.90 euros. Other entities such as Unicaja and Bankinter have also seen increases in their shares.
However, the renewable energy sector has suffered losses, with Solaria down 5.8% and Acciona Energía down 1.3%. Additionally, Telefónica has fallen 2.7%, reflecting market concerns over the Government's plan to control energy prices.
On the international front, the strengthening of the US economy has boosted the dollar, affecting other currencies such as the euro, which has lost the 1.14 dollar level. In the commodities market, gold is trading at 4,300 dollars per ounce, while bitcoin has fallen below 84,000 dollars.
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