The IBEX 35 rose more than 1% to around 8,942 on Thursday, after three straight sessions of losses, boosted by tourism-related shares and banks, as prospects of an economic recovery offset growing concerns over inflationary pressures and the spread of the highly infectious Delta variant of the Covid-19. Market sentiment was also lifted by a strong PMI survey which showed that Spanish manufacturing growth accelerated in June to the fastest pace in 23 years, amid continued strong demand.
Historically, the Spain Stock Market Index (ES35) reached an all time high of 16040.40 in November of 2007. Spain Stock Market Index (ES35) - data, forecasts, historical chart - was last updated on July of 2021.
The Spain Stock Market Index (ES35) is expected to trade at 8469.73 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 7271.10 in 12 months time.