IBEX 35IBEX35

Daily Market Briefing

Bearish

IBEX 35 drops 0.70% to 18,993, marking a three-month low amid banking sector declines.

Over the past 24 hours, the IBEX 35 index declined by 0.70%, reaching 18,993 points, its lowest level in over three months. This downturn was primarily driven by significant losses in the banking sector, notably Banco Sabadell and CaixaBank, which saw their shares fall by 2.28% and 2.12%, respectively. Additionally, the Eurozone's preliminary Harmonized Index of Consumer Prices (HICP) for September rose to 3.8% year-on-year, exceeding analyst expectations and contributing to market concerns.

Key points

  • IBEX 35 falls 0.70% to 18,993, reaching a three-month low.
  • Banco Sabadell and CaixaBank shares decline by 2.28% and 2.12%, respectively.
  • Eurozone's HICP for September rises to 3.8% year-on-year, surpassing expectations.

Sources

AI-generated from public news sources. Not financial advice.

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