The IBEX 35 dropped 1.8% to 7,097 on Friday, ending its longest rally since September of 2018 and following a 0.7% gain in the previous session, amid a general deterioration in sentiment due to increasing tensions between the US and China. Still, the IBEX 35 surged 6% for the week and 2.5% for the month on the back of the easing of the related-coronavirus restrictions, hopes for a vaccine and as Spain is set to receive €140 billion from the recovery plan proposed by the EU, of which €77 billion would be distributed in the form of grants and €63 billion in loans.
Historically, the Spain Stock Market (IBEX 35) reached an all time high of 16040.40 in November of 2007. Spain Stock Market (IBEX 35) - data, forecasts, historical chart - was last updated on May of 2020.
The Spain Stock Market (IBEX 35) is expected to trade at 6985.53 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6560.39 in 12 months time.