Spain's Ibex 35 closes flat near 20,000 points, with ACS and Telefónica in focus

FinanceInternationalXTB.comNov 12, 2026, 11:43 AMAI summary

The Ibex 35 closed virtually flat, around 20,000 points, in a session marked by ACS and Telefónica results and uncertainty over Nvidia's leadership, while Wall Street's positive turn gave markets some relief. Naturgy, Ferrovial and Enagás stood out among gainers, and Indra, IAG and Santander among the worst performers. ACS rose on the back of its data center business and Telefónica fell despite strength in Brazil.

In 30 seconds

The Ibex 35 ended the session virtually flat, around 20,000 points.
ACS rose with quarterly revenue up 19.4% and awards up around 60%.
Telefónica fell despite growth in Brazil and improved profitability and cash targets.

Read the full story at XTB.com

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

Ibex 35
ACS
Telefónica
Nvidia
mercados

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Colombian government begins technical meetings to prepare 2027 minimum wage negotiation
The Ministry of Labor led a first meeting with six state entities to coordinate the economic and labor analyses that will serve as the basis for the 2027 minimum wage negotiation. Finance, DANE, DNP, Commerce, Agriculture and the Civil Service Department took part. Inflation, productivity, employment, informality, household purchasing power and business conditions, including MSMEs and the rural sector, were reviewed. The government has not yet presented a proposed increase.
FinanceColombiaKienyke11:22 AMAI
Topsoe, Sasol and Técnicas Reunidas set the technology architecture for Sweden's Alby PtX e-SAF plant
The Alby PtX project in Sweden is moving toward an industrial plant designed to produce about 66,000 metric tons per year of synthetic aviation fuel (e-SAF) from renewable hydrogen and captured CO2. Topsoe and Sasol signed a licensing and engineering agreement combining syngas production, Fischer-Tropsch conversion and hydroprocessing. Técnicas Reunidas won the FEED engineering contract, which could evolve into EPC. Final investment decision is expected in 2028 and start of operations in 2031.
FinanceInternationalInspenet10:59 AMAI
Banco de Occidente sees opportunities for the economy in 2027: inflation and interest rates among the keys
Banco de Occidente presented its economic outlook for the close of 2026 and for 2027 at the 'A Tres Voces' forum, held on Thursday, November 12 in Cali. Its executives outlined a favorable scenario for 2027, with a possible moderation in inflation, a reduction in interest rates and better conditions for investment and business growth. Chief economist David Cubides said the entity holds an optimistic view on the country's growth and investment.
FinanceColombiaEl País (Cali)10:50 AMAI
Two AI market corrections: overvaluation in China, debt risk in the US
AI has produced two different stock market corrections in 2026. In China, the STAR 50 has lost 43% since late June and trades below its level at the start of the year; in the US, the Nasdaq 100 is down 14% from its October peak, after its worst session since March 2020 on November 5. Both markets corrected an overvaluation worsened by politics, but overvaluation was greater in China and the risk to financial stability is greater in the US, where AI investment is increasingly financed with debt.
FinanceInternationalReal Instituto Elcano10:39 AMAI

Spain's Ibex 35 closes flat near 20,000 points, with ACS and Telefónica in focus

In 30 seconds

Comments

Keep reading

Colombian government begins technical meetings to prepare 2027 minimum wage negotiation

Topsoe, Sasol and Técnicas Reunidas set the technology architecture for Sweden's Alby PtX e-SAF plant

Banco de Occidente sees opportunities for the economy in 2027: inflation and interest rates among the keys

Two AI market corrections: overvaluation in China, debt risk in the US