IBEX 35IBEX35

Daily Market Briefing

Bearish

IBEX 35 drops 1.53% to 19,492, dragged down by Inditex and rising oil prices.

The IBEX 35 declined by 1.53% to 19,492 points, marking a six-week low. Inditex's 3.89% drop and Amadeus IT Group's 4.07% decline significantly impacted the index. Additionally, the Brent crude price surpassed $100 per barrel, intensifying inflation concerns and influencing investor sentiment.

Key points

  • Inditex shares fell 3.89%, reaching a six-week low of €53.60.
  • Amadeus IT Group's stock declined by 4.07%, trading at €54.26.
  • Brent crude oil prices exceeded $100 per barrel, raising inflation worries.

Sources

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

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