Business · Markets · 6 hrs ago
Ibex rises 1.21% to 19,323 points as bank and tech shares rally
Spain’s Ibex 35 rose 1.21% to 19,323.50 points after two sessions when it dipped below 19,000 during the day.
Banks led the gains, with Santander up 2.06% and Bankinter up 2%.
Strong company results lifted European markets, with major indexes in Germany, France and Italy also closing higher.
Results from technology companies helped revive investor interest after recent selling in the sector.
Investors remain alert to risks, including high energy prices, rising government borrowing costs and political tensions.
Some market figures have warned that investment linked to artificial intelligence may be in a bubble, while delays in building data centres could push up computing costs.
The focus now turns to more company results, including Tesla’s figures, which investors will examine for any mention of a possible tie-up with SpaceX.
Spain’s Ibex 35 rose 1.21% to close at 19,323.50 points, moving back above 19,300.
Bank shares led the gains, with Santander up 2.06% and Bankinter up 2.00%.
European markets also closed higher as investors responded to company results, particularly in technology.
The rise followed two sessions in which the Ibex had recorded intraday lows below 19,000 points.
- Who
- Spain’s Ibex 35 and its listed companies. Banks were the main drivers of the index’s rise.
- What
- The Ibex rose 1.21% to 19,323.50 points.
- When
- October 21, 2026.
- Where
- Spain’s stock market.
- Why
- Bank shares rose, while company results helped improve sentiment across European markets.
This story does not have two clearly opposing sides.
The Ibex recorded intraday lows below 19,000 points in each of two consecutive sessions.
The Ibex rose 1.21% and closed at 19,323.50 points.
- Ibex 35 close
- 19,323.50 points
- Ibex 35 daily rise
- 1.21%
- Santander gain
- 2.06%
- Bankinter gain
- 2.00%
- European market context
- Dax rose 1.35%; Cac 40 rose 1.06%; Mib rose 1.17%
2 sources
What people are saying
almost certainly