The IBEX 35 rose more than 1% to around 7,842 on Monday, recovering from losses in the previous week, amid easing concerns over retail trading frenzy. Meanwhile, coronavirus vaccination rollout in Europe continues to worry investors as it has been slower than expected and the number of cases continues to rise and as tensions between the EU and AstraZeneca over vaccine supplies increase. Investors also closely monitor fresh PMI manufacturing figures for the largest economies. Latest PMI data showed Spain's manufacturing activity unexpectedly contracted in January due to a combination of issues including the coronavirus disease pandemic, Storm Filomena and increasing delays in the delivery of inputs. On the corporate front, Banco Sabadell announced a loss of 201 million euros in the fourth quarter, beating market estimates, due to higher impairments related to the sale of non-performing asset portfolios, COVID-19 related provisions and restructuring costs.
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 February of 2021.
The Spain Stock Market (IBEX 35) is expected to trade at 7596.92 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 7134.57 in 12 months time.