The IBEX 35 added 97 points, or 1.4% to close at 6,893 on Friday, amid prospects of further stimulus in the US and upbeat vaccine news. Coronavirus remained in the spotlight after Europe crossed the 200K daily coronavirus infections for the first time on Thursday but biopharmaceutical company Gilead Sciences received US FDA approval for its antiviral therapy. Spain reported on Thursday another daily record of 20,986 Covid-19 cases. Meantime, the Madrid regional government has announced new restrictions aimed at curbing the spread of the coronavirus when the current state of alarm expires on Saturday. Under the new rules, socializing with people outside of one’s household will be prohibited between midnight and 6am, both in private and public spaces. On the corporate front, Melia Hotels shares led the gains after the UK announced on Thursday that it included the Canary Islands on its list of safe destinations. For the week, the Ibex 35 rose 0.6%.
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 October of 2020.
The Spain Stock Market (IBEX 35) is expected to trade at 6650.89 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 6246.11 in 12 months time.