Spanish IBEX-35 index surpasses 15,000 mark, first time since December 2007.
The Spanish stock market made a significant milestone on August 20, 2025, as the main national index, the IBEX 35, broke through the 15,000-point barrier for the first time since the Great Recession in 2008. This marks a remarkable recovery for the index, which has been on an upward trend since August 2024.
As of the close of trading on Wednesday, the IBEX 35 stood at approximately 15,019. This impressive surge represents a gain of 160.9 points and a year-to-date increase of 29.54%. The index's momentum of recovery and optimism is evident, with it having posted eight consecutive sessions of gains.
Notable gains were seen in several key stocks. Grifols and Iberdrola, for instance, gained 2.18% and 1.70% respectively. Fluidra and BBVA also posted gains of 2.79% and 1.68% respectively. However, not all stocks performed equally well. Indra, Merlin, ArcelorMittal, and Repsol saw declines, with Indra falling 0.63%, Merlin 0.38%, ArcelorMittal 0.03%, and Repsol 0.52%.
The top performer in the Spanish stock market was Rovi, with a significant gain of 3.42%. The risk premium also dropped by half a point to 55.2 basis points, reflecting a decrease in perceived risk in the Spanish market.
The Spanish stock market's rise was not isolated. The main European exchanges also advanced, with London rising 0.19%, Paris 0.66%, Frankfurt 0.67%, and Milan 0.60%. The euro also appreciated by 0.33% against the dollar, reaching an exchange rate of 1.1714 dollars per euro.
In the global market, the Brent barrel closed the European session at $65.23, down 1.35%, while the West Texas Intermediate (WTI) fell 1.50%, to $62.22. Gold, on the other hand, showed a modest increase, with the ounce reaching 3,355 dollars, an increase of 0.22%. Bitcoin also rose by 0.34%, hovering around 120,600 dollars.
The Spanish 10-year bond yield, meanwhile, fell to 3.232%, indicating a decrease in borrowing costs for the Spanish government. This, along with easing trade tensions and optimism in global markets, is contributing to the positive outlook for the Spanish stock market.
This recovery places the IBEX 35 in its strongest position in nearly two decades, having rebounded significantly but remaining under its all-time high of over 16,000 points set in 2007. Despite this, the current levels near 15,300 points indicate a significant recovery compared to the lows encountered during and after the recession.
References: 1. IBEX 35 Index Rebounds to 15,000 Points 2. IBEX 35 Index Surpasses 15,000-Point Mark for First Time Since 2008 3. Spanish Stock Market Rebounds: IBEX 35 Closes at 15,019 4. Easing Trade Tensions Boost Global Markets 5. IBEX 35 Index Hits 15,332.71 EUR on August 15, 2025
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