IBEX 35 Trades at 17-Year High

2025-05-05 14:35 By Agna Gabriel 1 min. read

Spain’s IBEX 35 index traded above 13,500, reaching its highest level since April 2008 and gaining about 16.5% year-to-date.

The rally has been driven largely by strong performances from major banks.

Banco Santander surged over 40%, while BBVA and CaixaBank climbed 35% and 31%, respectively.

Among major non-financial stocks, Iberdrola also gained around 20%, though Inditex slipped more than 3.5%.

In corporate developments, Santander announced that Austria’s Erste Group Bank acquired nearly 49% of Santander Bank Polska and half of Santander TFI.

Separately, Spain’s high-speed train services between Madrid and Andalusia resumed Monday after copper cable thefts disrupted operations overnight, stranding passengers.

On the economic front, Spain welcomed a record 17.1 million foreign tourists in Q1 2025, a 5.7% annual increase.

Tourist spending reached 23.5 billion euros, up 7.2% from the same period last year, according to official data.



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