The IBEX 35 lost 96 points, or 1.3% to close at 7,154 on Friday, extending previous session’s losses after Health Minister Salvador announced that all Spanish regions agreed to order the closure of nightclubs and to ban smoking in outdoor areas when keeping a safe distance is not possible, among other measures aimed at curbing the recent surge in coronavirus infections. Also, Germany declared nearly all of Spain COVID-19 risk region. In addition, UK’s decision to add more European countries to its quarantine list weighed on sentiment. On the global front worries about a delay in US new coronavirus relief package hit on investors' mood. Still, for the week the index added 2.9%.
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 August of 2020.
The Spain Stock Market (IBEX 35) is expected to trade at 7002.72 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 6576.54 in 12 months time.