Spain’s blue-chip index IBEX 35 on Tuesday hit a new record high, surpassing its previous peak in November 2007, closing a year in which it has outperformed every major European equity market, driven by a strong economic environment.
The index, which rose by as much as 0.3% on Tuesday to a high of 16,054 points, has gained 38% since the beginning of the year, compared with the 14% gain in the Europe-wide STOXX 600.
The country’s main stock market index had already closed at an all-time high on Monday, underscoring strong investor confidence in one of the world’s most vibrant advanced economies.
It had closed at 16,000.40 points, breaking the previous record set in November 2007, just before the global financial crisis disrupted markets around the world.
The bank-heavy IBEX 35 has been buoyed by a remarkable performance by domestic lenders so far this year, with Spanish banks outpacing already vigorous growth in the broader European sector.
The IBEX has also been supported by solid economic growth and strong corporate earnings across Spain.
Analysts noted that the index’s heavy weighting toward service exporters and domestically oriented companies has helped insulate it from the impact of US President Donald Trump’s tariffs, which have largely targeted manufactured goods.
The eurozone’s fourth-largest economy continues to outpace its regional peers, posting 3.5% growth in 2024 compared with the European Union average of just 1%. ALSO READ: Spanish economy grew faster in second quarter than initially estimated.
Spain’s left-leaning government forecasts expansion of 2.7% this year, while the International Monetary Fund (IMF) recently upgraded its outlook to 2.9% for 2025 — both well above the broader eurozone projection. ALSO READ: IMF confirms Spain’s lead as fastest-growing advanced economy for two years in a row.
The country is due to publish its third-quarter GDP figures on Wednesday. ALSO READ: Spain’s unemployment rate rises slightly, even as number of people employed hits new record.
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El Ibex 35 ha cerrado este lunes por encima de los 16.000 puntos, un nivel nunca antes superado en un cierre y que pulveriza el anterior récord de 2007, justo antes del estallido de la burbuja inmobiliaria.
▶https://t.co/w5yKelrTzC pic.twitter.com/4kd02ANeTy
— Telediarios de TVE (@telediario_tve) October 27, 2025
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