Business · Markets · 7 hrs ago
Spain’s Ibex falls 1.45% as Santander shares slump
Spain’s Ibex 35 fell 1.45%, losing more than 250 points and closing below 18,900.
Santander shares dropped 5.59% after results that met expectations but offered no major surprises.
The bank’s shares had risen strongly and were near highs, so investors took profits, adding to pressure on Spain’s financial sector.
Renewed fears about an energy supply shock also weighed on markets, alongside company results and uncertainty about interest rates.
Other major European indexes moved little, with Germany’s Dax up 0.4% while several others were nearly flat.
The US Federal Reserve kept interest rates unchanged after European markets had closed and said it needed more data before deciding what to do next.
Spain’s Ibex 35 fell 1.45%, losing more than 250 points and closing below 18,900.
Santander shares dropped 5.59%, their steepest fall since March, after results in line with forecasts failed to meet elevated expectations.
The bank’s decline weighed on the financial sector and accounted for much of the Ibex’s weakness.
Acciona and Acciona Energía also fell, amid doubts about the planned sale of a stake in the renewable-energy subsidiary.
Other major European indexes moved little, with Germany’s Dax rising 0.4%.
- Who
- Spain’s Ibex 35 and Santander were among the main subjects.
- What
- The Ibex fell 1.45%, while Santander shares dropped 5.59%.
- When
- The market session reported on 28 October 2026.
- Where
- Spain.
- Why
- Santander’s results met forecasts but failed to match elevated expectations, prompting profit-taking. Doubts about energy supply also weighed on market sentiment.
This story does not have two clearly opposing sides.
Spain’s Ibex 35 fell 1.45% and Santander shares dropped 5.59%.
The Federal Reserve kept interest rates unchanged.
- Ibex 35
- Fell 1.45% and closed below 18,900 points
- Santander
- Shares fell 5.59%
- Acciona
- Shares fell 5.53%
- Acciona Energía
- Shares fell 6.27%
- Dax
- Rose 0.4%
What people are saying
It is our responsibility to reduce inflation.