The Ibex 35 started this Tuesday’s session with a rise of 0.51%, which brought it to 10,973.3 points, on a day in which investors will be watching BBVA and Banco Sabadell, after the latter reject the merger offer.

Specifically, Sabadell has rejected the offer that BBVA had made last week to merge both entities, considering that it will generate more value alone, as reported this Monday by the entity, with the market already closed.

Precisely, in the early stages of this Tuesday’s session, the biggest increase within the Ibex 35 was recorded by BBVA (1.68%), followed by Amadeus (0.68%), Merlin Properties (0.65%) and Bankinter (0.65%). On the opposite side were Banco Sabadell (-3.36%) and Grifols (-0.34%).

In the business field, marked by the publication of business results, Ibercaja informed the National Securities Market Commission (CNMV) that it obtained a net profit of 58 million euros in the first quarter, 5.9% more than the recorded in the same period of the previous year, once the extraordinary tax applied to the banking sector corresponding to this year has been fully accounted for, amounting to 40 million euros.

In addition, the board of directors of Ercros will vote at its ordinary general meeting of shareholders, which is expected to take place on Friday, June 28, on second call, the distribution of a dividend of 0.096 euros gross per share, which amounts to total amount of 8.78 million euros, and the re-election of its president, Antonio Zabalza Martí, as executive director, as well as other directors whose mandate has expired.

Applus, on the other hand, this Tuesday updated the business corresponding to the first quarter to “simplify it” given the war of public takeover bids (OPA) for the company launched by Amber and Apollo.

In the macroeconomic field, the Spanish Public Treasury expects to place between 4,500 million and 5,500 million euros this Tuesday in an auction of 6 and 12 month bills with which it will begin the issues for the month of May.

The main European stock markets opened this Tuesday with a positive sign, with increases of 1.07% for London, which remained closed yesterday for a holiday, 0.63% for Milan, 0.58% for Paris and 0.5% for Frankfurt.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.04%, to 83.36 dollars, while that of Texas stood at 78.47 dollars , 0.01% less.

In the foreign exchange market, the price of the euro against the dollar advanced to 1.0764 ‘greenbacks’, while in the debt market the interest required on the 10-year Spanish bond climbed to 3.234%.