Spain's Ibex 35 Hits Historic High Above 16,000 Points
Spain's Ibex 35 stock index has hit a historic high, surpassing 16,000 points in intraday trading. This marks a significant recovery, last seen in November 2007, nearly 18 years ago.
The rebound comes after a long period following the global financial crisis and Spain's subsequent recession. Despite the challenges, some investors remain optimistic. Martin Lau of FSSA Investment Partners finds the Chinese market attractive despite risks. Peter E. Huber analyses U.S.-China trade war relations and geopolitical tensions. Meanwhile, technology and internet fund managers focus on select U.S. titles, watching the Federal Reserve and AI progress.
Technical analyst Joan Cabrero of elEconomista.es advises against reducing exposure to Spanish equities, as long as the Ibex 35 stays above 15,724 points. Looking ahead, the Ibex 35 has posted an annual gain close to 40% in 2025, its strongest performance of the 21st century.
The Ibex 35's recovery to 16,000 points signals a strong performance for Spanish stocks. Investors await clarity on key factors, including the Federal Reserve's policy direction and U.S.-China trade war relations, which could shape market dynamics for the rest of the year.