Invertia The Ibex saves by the minimum 8,300 from a decrease of 1.8% led by its heavyweights

The red of losses once again ruled the European stock markets. And of a more intense tone as the session progressed. The indices fell in unison, bidding farewell to all the ground gained in yesterday's session. The Ibex 35 lost 1.8% and at times reached the dangerous level of 9,300 points. However, at the close, the level was saved by a scant eight tenths.

Investors digested this Thursday, in addition to the omicron advance, a certain pessimistic tone in the Beige Book of the US Federal Reserve (Fed), which pointed to difficulties in the labor market and in the fluidity of supplies to sustain the recovery of the first economy in the world. Some warnings that different members of the institution had already been pointing out in recent weeks.

As a result of this climate of caution, falls dominated the Ibex 35, where very few stocks managed to avoid the red. Just six values. Of the few that did, Cie Automotive (+1.1%), ArcelorMittal (+0.7%) and Ferrovial (+0.7%), which thus celebrated an improvement in its target price to 36 euros per share.

At the last minute, Repsol also added 0.8% to earnings. The cause of this almost last-minute change of direction was in the decision of the Organization of Petroleum Exporting Countries and its partners (OPEC+) to maintain its rate of crude production.

The other two in green were: Almirall, completely flat, and IAG, with gains of 0.2%.

Despite the positive unemployment data published this Thursday, which made last November the best in its historical series, the bulk of the large stocks of the Spanish selective traded inevitably downward.

Among the stocks that fell the most in the index, Iberdrola, which fell 4.3% despite having announced an agreement to invest 2.3 billion euros in a green hydrogen plant together with the Swedish company H2 Green Steel . They also pulled down the index Telefónica (-3.9%), Acciona (-2.7%) and Endesa (-2.7%).

Similarly, various stocks linked to renewables added hardship to the Spanish index. Siemens Gamesa (-3.6%) and Solaria, at the bottom of the index, down 5.6%. All this in the session in which it was announced that Solarpack will be suspended from trading on December 9 for the settlement of the takeover bid made by EQT in June, as is customary in these cases.

With this scenario, the index broke through the lows of the session on Wednesday, which added new dangers to its chart. In this sense, the loss of 8,342 points was bad news for its chart, since the door was open to a decline to 8,250 points. And that the entire 8,300 were saved.

On Thursday, the focus also turned to the first bond auction in Spain in December. In it, the Public Treasury again achieved negative rates by placing 15-year bonds referenced to Eurozone inflation.