Spain's Ibex tests the 'Brazil effect' after Lula da Silva's win

FinanceInternationalExpansiónOct 26, 2026, 1:58 AM35 s readAI summary

The Spanish stock market is trying to join the calm seen in other European indices while digesting Lula da Silva's victory over Flávio Bolsonaro in Brazil's presidential runoff. The Ibex is seeking to reclaim the 19,000 points lost last week, with attention on stocks most exposed to Brazil such as Telefónica, Santander, Mapfre and Iberdrola. The week combines a wave of earnings, macro data and meetings of the Federal Reserve, the European Central Bank and the Bank of Japan.

In 35 seconds

Lula da Silva wins Brazil's runoff against Flávio Bolsonaro in a tight count.
The Ibex tries to recover the 19,000 points lost last week.
Telefónica, Santander, Mapfre and Iberdrola draw attention for their exposure to Brazil.

Read the full story at Expansión

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

Ibex 35
Brasil
elecciones
bancos centrales
petróleo

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Spain's Ibex tests the 'Brazil effect' after Lula da Silva's win

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day