Bullish
IBEX 35 rises 1.12% to 19,299.70 points amid political developments
The IBEX 35 closed higher by 1.12% at 19,299.70 points on October 5, 2026, driven by gains in financial services, telecommunications, and chemical sectors. The market responded positively to the announcement of general elections in Spain scheduled for November 29, 2026. Additionally, the victory of ultraright candidate Flavio Bolsonaro in Brazil's presidential elections boosted Spanish companies with operations in Brazil, such as Banco Santander and Telefónica.
Key points
- Banco Santander shares rose 4.42%, leading the gains in the financial sector.
- Telefónica's stock increased by 3.38%, benefiting from favorable political developments in Brazil.
- The announcement of Spain's general elections on November 29, 2026, had a limited immediate impact on the market.
- Renewable energy companies like Acciona and Solaria experienced declines amid market volatility.
Sources
- La política mueve el Ibex: suben las empresas con negocio en Brasil y bajan las renovablesEl País · October 5, 2026
- El Ibex 35 cierra con un avance del 1,12%: Banco Santander destaca en una sesión desigualPcBolsa · October 5, 2026
- El Ibex 35 acelera y roza los 19.300 puntos (+1,12%), tras la convocatoria electoralEuropa Press · October 5, 2026
- El Ibex 35 recorta su impulso y se queda en tablas tras la convocatoria de elecciones para el 29NEuropa Press · October 5, 2026
AI-generated from public news sources. Not financial advice.
