The IBEX 35 rebounded to around 11,550 in early Thursday trading, recovering from a nearly 3% drop to a seven-week low in the previous session, as investors continued to assess the implications of Donald Trump’s US presidential election victory.
The market's recovery was fueled by optimism over potential changes in US policy. At the same time, investors now focus on the upcoming monetary policy announcements from the US Federal Reserve, with markets widely expecting a 25-basis-point rate cut. Key Spanish stocks showed a mixed performance, with Santander (+0.7%), BBVA (+1.9%), and Caixabank (+1.2%) seeing gains amid positive sentiment in the financial sector.
Inditex drops amid consumer demand concerns, Iberdrola flat as data looms
However, retail giant Inditex traded lower (-0.6%), reflecting concerns over consumer demand, while energy firm Iberdrola remained almost unchanged as market sentiment weighed on the utility sector. Traders also closely watched global economic data, including industrial output and trade figures from major European economies, which could impact market outlooks in the coming days.
