Premier Spanish Index Hits Record High on Inditex Gains -- Market Talk

Dow Jones12-03

1037 GMT - Spain's premier index, the IBEX 35, gains 1.5% to hit a new record high. Gains are driven by a sharp rise in Inditex, which is up 8.5% after Zara owner announced forecast-beating earnings earlier in the session. Gains in technology and energy stocks also helped to push the index higher. The IBEX's year-to-date gains now stand at 44%. "We still see a compelling investment case for Spain given stronger GDP growth potential, improved fiscal position & attractive earnings/valuation mix vs. rest of Europe," say Barclays analysts. The latest high comes despite a one point on-month fall in Spain's services PMI for November, which missed market expectations of a 56.1 read to drop to 55.6 points.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

December 03, 2025 05:38 ET (10:38 GMT)

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