The IBEX 35 fell 1.4% to close at 8,037 on Friday, its lowest level since November 23rd, underperforming its European peers and reversing a 0.2% gain the day before. Investors cautiously await any development on Brexit negotiations between the EU and the UK and monitor a worrying rise in coronavirus cases across Europe. European Commission President Ursula von der Leyen said on Thursday that "big differences remain" and "bridging them will be very challenging" with fisheries still the main sticking point between the two sides. At the same time, European Union Brexit negotiator Michel Barnier said this morning that there was a chance of getting an agreement but the path to such an agreement was very narrow. On the domestic front, Spain reported more 12,131 new COVID-19 cases on Thursday, the highest daily spike since November 26th. Among single stocks, the biggest losers were Amadeus, Mapfre and Banco Santander. The IBEX 35 edged down about 0.3% in the third week of December.
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 December of 2020.
The Spain Stock Market (IBEX 35) is expected to trade at 7984.62 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 7498.68 in 12 months time.