The Ibex breaks the 20,000 point barrier for the first time
The fall in oil and the good performance of North American tech companies accelerate the Spanish selective
BarcelonaThe Ibex-35, the main Spanish stock market index, broke the 20,000-point barrier for the first time this Tuesday. The index of the State's large companies thus culminates the chain of records it has been linking throughout 2026. At the opening of the session, it only needed a moderate acceleration – of 0.12%, a few minutes past 9 in the morning – to rise above historic highs. Minutes later, however, it marked a slight pullback and lost the desired threshold.
Now outside the earnings season, the Ibex has accelerated, largely thanks to external stimuli. The Spanish index has benefited from the sharp drop in oil prices at the start of the week. The Brent crude barrel reached over $93 last Thursday, amid growing military tensions in the Middle East; but good prospects in the region have caused it to fall to around $84 to start the week.
It has also benefited from the good health of American technological hyperscalers, which inject optimism into the market as a whole. Just on Monday, Amazon joined the $3 trillion valuation club, while other major companies in the sector, such as Meta, Microsoft, or Alphabet (Google), saw intense rises in their share price.
Rising values
The bearish behavior of oil mainly benefits industrial companies dependent on energy prices. In this sense, among the main protagonists at the start of the session is the steel company ArcelorMittal. Also ACS, Florentino Pérez's construction company: both companies are showing increases of more than one point.
Furthermore, the economic optimism linked to cheaper oil also boosts banks, which have started the day with all stocks in the green – with the sole exception of BBVA, which is slightly declining after 9 a.m.
Conversely, Acciona woke up with a sharp decline marked by the announcement published on Monday evening that the Entrecanales Franco family would sell 3% of the energy company to "diversify the portfolio" of some of its members; with a valuation of just under 360 million euros.