• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Spain's Ibex 35 wavers on losing 19,000 points amid AI fears and European bank selloff

FinanceInternationalTradingView35 s readAI summary
Image: TradingView

European stocks face a fresh wave of selling that drags the Ibex 35 and the EuroStoxx 50 down more than 1.5%, and the Spanish index wavers on giving up 19,000 points amid renewed investor fears over the artificial intelligence sector and its high valuations. Eurozone sovereign debt yields and a rising Brent, up more than 2.5% to $112, also weigh. Pressure in fixed income hits banks, with Bankinter down 6%.

In 35 seconds

  • The Ibex 35 and EuroStoxx 50 fall more than 1.5% and the Spanish index wavers on losing 19,000 points
  • Fears over high AI valuations and pressure on European sovereign debt hit the financial sector
  • Bankinter falls 6% in the session, followed by CaixaBank (3.5%), Santander and Unicaja (around 3%) and BBVA (2.5%)
Read the full story at TradingView

IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.

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