The stock market session left an unprecedented image on the Spanish stock market. He Ibex 35 managed to close above a level that has symbolized the ceiling of the national market for years, consolidating an upward trend that has accelerated in recent weeks. According to official data published by the Spanish Stock Exchanges and Markets, the progression of the index is supported by solid sectoral performances and a macroeconomic context particularly observed by investors.
The market had already tested this level in the previous days, but negative references from the United States had prevented its confirmation at the close. This time, despite the international volatility, the selective managed to maintain the rhythm of purchases and close the session clearly in positive territory.
The key data, as reported by Expansión, arrived at the close: the Ibex 35 ended the day at 17,041.4 pointsa historic maximum which places its annual revaluation close to 47%. This step not only has a symbolic component, but also redefines the starting point for the latter part of the year and the forecast for 2026.
The decisive role of banks in the new record
The financial sector has been the main protagonist of this progress. In the middle of the countdown before the next meeting of the European Central Bank, the rise in debt yields has reinforced the attractiveness of banks, which concentrate a significant weight in the index.
The positive forecasts of large international companies played an additional catalytic role. Santander and BBVA continued their rise, while mid-sized entities showed even more dynamic behavior, reflecting market confidence in the evolution of margins and results.
Most bullish values of the session
- Interbankas the most bullish value of the day.
- Santander And BBVAconsolidating the annual maximums.
- CaixaBank, Sabadell And Uniquewith increases of more than 2%.
This behavior confirms that the current bullish cycle of the ibex rests on a solid structural basis, supported by corporate results and monetary expectations.
IAG and Ferrovial strengthen the dynamics of the index
Beyond the banking sector, other major stocks have contributed to the rise of the index. IAG has established itself as one of the most bullish stocks, driven by the outlook for the airline sector and the positive evolution of demand.
Ferrovial, for its part, reached new heights coinciding with the proximity of its incorporation into the Nasdaq 100. The anticipation of investment flows from international funds reinforced the interest of buyers.
The values that have slowed progress
Not all of Ibex’s components accompanied the movement. Telefónica and Inditex recorded moderate declines, in a context of collecting profits after the strong recovery accumulated in previous weeks. These adjustments have not changed the general tone of the market.
Europe supports, Wall Street doubts
European stocks closed with broad gains. The German Dax consolidated at unprecedented levels and the pan-European Stoxx 600 reinforced its uptrend. On the other hand, the main American indices showed greater weakness, conditioned by the decline in large-cap technology stocks.
This divergence highlighted the sector and geographic rotation occurring in global markets, with Europe gaining importance in portfolios.
Debt, Currencies and Commodities Set the Context
Rising debt interest has been one of the most closely watched factors. The US ten-year bond remains at high levels, while in Europe, German and Spanish benchmarks reflect a sustained rise in yields.
On the foreign exchange market, the euro strengthened against the dollar, supported by a firmer tone from the ECB. In commodities, gold regained its safe-haven appeal, while oil showed weakness despite the dollar’s depreciation.
A closure that changes the horizon of the Spanish market
The closure of the Ibex 35 above the 17,000 points marks a before and after for the Spanish stock market. The new historical maximum redefines the technical references of the index and reinforces the perception of solidity of the national market in a complex international environment.
With attention focused on upcoming macroeconomic data and the decisions of the main central banks, the Spanish selective faces the end of the year in an unprecedented position, with the bar higher than ever and with a scenario already projected beyond the short term.
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