IBEX 35 Posts Stellar Gains in 2025

2025-12-31 10:17 By Luisa Carvalho 1 min. read

Spain’s IBEX 35 index hovered near record highs around 17,315 in the final session of 2025 and is set to finish the year with a nearly 50% gain, a milestone not seen since 1993.

This performance makes it Europe’s top-performing major market, supported by a strong earnings outlook.

Banks powered much of the rally, contributing almost 70% of the gains amid robust earnings, attractive payouts, improving economic prospects, and sector consolidation.

The market also drew support from solid performance in European defense stocks, as Europe accelerates rearmament, as Russia continues and intensifies its war against Ukraine.

Spanish equities further benefited from their relatively low exposure to US markets and tariffs, alongside strong economic fundamentals, including low unemployment and benign inflation, which prompted credit-rating upgrades.



News Stream
IBEX 35 Plunges After Trump’s Criticism, Middle East Tensions
Spain’s IBEX 35 index dropped over 2.5% to 19,095 points on Wednesday after US President Donald Trump criticized Spain as a "terrible partner in NATO," claiming it "doesn’t pay" or participate. He stated that he does not want anything to do with Spain and urged to cut off all trade, including visits, adding that Spain would come running back to negotiate. In response, Spain’s government, in a statement to El País, said it aims to maintain a strong relationship with the US and is receiving Trump’s remarks "calmly." The sell-off was also driven by escalating Middle East tensions, which pushed oil prices higher, fueled inflation concerns, and increased bets on European Central Bank rate hikes, darkening the economic outlook. Brent crude hit two-week highs following renewed US-Iran strikes, with Trump declaring the Iran ceasefire "over." Traders now price in over 30 bps of additional ECB tightening this year, signaling at least one potential rate hike, possibly as early as September.
2026-07-08
Stocks in Spain Hit All-time High
ES35 increased to an all-time high of 18600.00 Index Points. Over the past 4 weeks, Spain Stock Market Index (ES35) gained 5.39%, and in the last 12 months, it increased 33.76%.
2026-06-12
Stocks in Spain Hit All-time High
ES35 increased to an all-time high of 17851.00 Index Points. Over the past 4 weeks, Spain Stock Market Index (ES35) gained 3.1%, and in the last 12 months, it increased 44.26%.
2026-01-30