Market index
Spain IBEX 35
The IBEX 35 tracks the thirty-five most liquid stocks on the Madrid exchange. Weighted toward banks, utilities, and tourism-linked large caps, it reads as a gauge of southern-European growth and how euro-area rate policy is landing in the real economy.
Spain IBEX 35 latest observations
- Observed
- 2026-10-27
- Latest
- 19,161 pt
- Change from previous
- ▲ +127.3 pt
Check the observation dates in both the summary and chart; release and refresh times can differ.
At a glance
Spain IBEX 35: latest value and prior change
As of 2026-10-26, Spain IBEX 35 is 19,033 pt. It is 43.50 pt higher than 18,990 pt on 2026-10-23.
Across 162 available observations from 2026-03-10 to 2026-10-26, the latest value is at the tie-adjusted 45th percentile.
- Observed on
- Default comparison window
- 2026-03-10–2026-10-26
- Observations · observed cadence
- 162 · Daily
- Data source
- Naver Finance
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
2026-08-04 → 2026-10-26 · pt
- First
- 20,024 pt
- 2026-08-04
- Latest
- 19,033 pt
- 2026-10-26
- Window low
- 18,914 pt
- 2026-10-22
- Window high
- 20,214 pt
- 2026-08-11
The horizontal axis follows observation order; calendar intervals may differ. High and low refer to observed values within this window, not intraday or all-time extremes. Ties show the first observation date.
Time-series chart
Spain IBEX 35
2026-03-10–2026-10-26
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-10-26 | 19,033 pt | 2026-10-23 | 43.50 pt |
| 2026-10-23 | 18,990 pt | 2026-10-22 | 76.30 pt |
| 2026-10-22 | 18,914 pt | 2026-10-21 | -410.0 pt |
| 2026-10-21 | 19,324 pt | 2026-10-20 | 231.1 pt |
| 2026-10-20 | 19,092 pt | 2026-10-19 | 53.10 pt |
| 2026-10-19 | 19,039 pt | 2026-10-16 | -287.0 pt |
| 2026-10-16 | 19,326 pt | 2026-10-15 | 148.6 pt |
| 2026-10-15 | 19,178 pt | 2026-10-14 | -53.00 pt |
| 2026-10-14 | 19,231 pt | 2026-10-13 | 20.00 pt |
| 2026-10-13 | 19,211 pt | 2026-10-12 | -75.10 pt |
Source: Naver Finance
Interpretation guide
Spain's IBEX 35: a thermometer for southern Europe
The IBEX 35 holds the thirty-five most liquid names on the Madrid exchange. Big banks like Santander and BBVA, utilities like Iberdrola, and consumer names like Inditex dominate it, making the index a window on how ECB rate policy meets the southern-European real economy.
What the index contains
Its bank weight is among the highest of the major euro-area indexes. Bank earnings ride on lending margins, so the index is sensitive to the ECB rate cycle, while heavy tourism and domestic-consumption exposure ties it to the strength of the southern-European recovery.
- ECB hiking phases often support the index through wider bank margins.
- Tourism seasons and job recovery underpin the domestic consumer names.
- Unhedged, EUR/KRW swings dominate returns measured in won.
Its place inside the euro area
Unlike Germany's export-driven DAX, the IBEX is a rates-and-domestic-demand index. Their relative performance separates whether euro-area momentum is coming from export manufacturing or from rates and services.
- IBEX outperforming the DAX usually pairs rising rates with a services recovery.
- Reading it against the Euro Stoxx 50 splits Spanish factors from common euro-area ones.
- A widening Spain-Germany bond spread feeds peripheral risk straight into the index.
Uses and misreads
Treating the IBEX as a proxy for European tech or export manufacturing is the standard mistake. With banks and utilities steering it, use it to judge the rate cycle and to monitor euro-area peripheral risk.
- Index strength does not imply a euro-area manufacturing recovery.
- The heavy bank weight can turn into relative weakness when a cutting cycle starts.
- For Korean investors it works best as a gauge of how quickly ECB policy reaches the real economy.