Spain’s benchmark stock index climbs on broad-based gains, marking its strongest session in over a month.
Spanish stocks ended the session sharply higher, with the IBEX 35 index advancing 2.47% to close at its highest level since early August. The rally was driven by gains across sectors, including banking, energy, and telecommunications, as investors reacted to improving economic sentiment in the eurozone.
The move follows a 1.2% decline in the previous session and outpaces the broader Stoxx Europe 600 index, which rose 1.1% on the day. Year-to-date, the IBEX 35 remains down 3.8%, underperforming regional peers amid lingering concerns over Spain’s fiscal outlook and energy costs.
Trading volumes were above average, with no immediate catalyst cited for the uptick. European equities broadly firmed as bond yields stabilized and the euro held steady against the dollar.