The IBEX 35 closed 0.7% higher at 8,520 on Wednesday, recovering from its worst day since December of 2020 in the previous session, as investors digested a strong earnings season. Still, market sentiment was tempered by mounting concerns over surging global Covid-19 infections and uncertainty around vaccines. Traders also cautiously await the ECB monetary policy decision on Thursday. Domestically, Spain achieved an important milestone in its vaccination efforts as recent data showed the number of people vaccinated surpassed the number of people infected with the Covid-19 for the first time since the pandemic began.
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 April of 2021.
The Spain Stock Market (IBEX 35) is expected to trade at 8284.29 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 7780.11 in 12 months time.