The IBEX 35 closed around the flatline at 8,532 on Tuesday, close to levels not seen since March 29th, as investors continued to monitor the economic impact of a prolonged pandemic and associated lockdowns. In Spain, the incidence of coronavirus is approaching an extreme-risk level with the more infectious UK variant accounting for 90% of new infections in some parts of the country. At the same time, Spanish Prime Minister Pedro Sánchez is standing by his intention to let the state of alarm expire on May 9th even as several regions are calling for it to be extended. He is set to address parliament on Wednesday to detail further plans to manage the COVID-19 pandemic. Elsewhere, traders digested the latest US inflation report while Chinese trade data pointed to a continued recovery in global demand.
Historically, the Spain Stock Market (IBEX 35) reached an all time high of 16040.40 in November of 2007. Spain Stock Market (IBEX 35) - data, forecasts, historical chart - was last updated on April of 2021.
The Spain Stock Market (IBEX 35) is expected to trade at 8355.98 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7847.43 in 12 months time.