Business · Markets · 3 hrs ago
Ibex gains 3.84% for its best week since April
Spain’s Ibex rose 3.84% over five sessions, recording its best week since April.
The gains came during a volatile week for global markets around the US election, which included a sharp fall in technology stocks on Thursday.
US markets rebounded on Friday after Asian markets had dropped earlier that day.
Oil also helped support the Spanish market, with prices falling 17% over the week to below $100 a barrel.
Investors see the tech sell-off as an overreaction, while questions remain about the future of data centres, including their energy and water use.
US employment rose by 165,000 in October and unemployment fell to 4.1%, after a weak September jobs figure.
A strong US job market could fuel inflation, and analysts put the chance of another Federal Reserve rate rise in December at about 71%.
Spain’s Ibex 35 rose 3.84% over five sessions, its best week since April, according to La Vanguardia.
Cinco Días reported the weekly gain as 3.8%.
The index fell 0.6% on Friday as investors took profits and technology shares remained under pressure.
The articles linked the weekly gains to a sharp fall in oil prices and a shift toward banking, consumer and property stocks.
Investors also weighed concerns about artificial-intelligence investment, economic growth, inflation and interest rates.
- Who
- Spain’s Ibex 35 and its investors.
- What
- The index gained 3.84% over the week, its strongest weekly performance since April, but fell 0.6% on Friday.
- When
- The week ending Friday, November 6, 2026.
- Where
- Spain’s stock market.
- Why
- Falling oil prices and gains in sectors including banking helped the index, despite a Friday decline amid profit-taking and technology-market concerns.
This story does not have two clearly opposing sides.
Technology stocks suffered their largest drop since the pandemic, according to La Vanguardia.
Wall Street rebounded after Asian markets fell earlier in the day.
The Ibex fell 0.6%, ending the week up 3.84%, according to La Vanguardia.
- Ibex weekly gain
- 3.84% according to La Vanguardia; 3.8% according to Cinco Días
- Ibex Friday move
- Down 0.6%
- Weekly performance
- Best since April
- Oil price
- Below $100 a barrel, according to La Vanguardia
- U.S. jobs added in October
- 165,000
- Unemployment rate
- Fell from 4.2% to 4.1%
2 sources
What people are saying
We consider the recent correction to be more of a short-term cleansing phase than a fundamental change in trend.
It is reasonable to think that in those states where there is some opposition, agreements will be reached to address water consumption and energy demand, without administrations having to give up tax revenues.
The labor market has remained extraordinarily stable and balanced, and close to full employment for more than a year.