Spain's Ibex 35 opens down more than 1% weighed by banks and awaiting the ECB

FinanceInternationalEl Periódico MediterráneoOct 29, 2026, 3:38 AM35 s readAI summary

Spain's Ibex 35 opened the session down more than 1%, to 18,689.10 points, pressured by banks after earnings releases. BBVA led the declines with a 5.43% drop, followed by Sabadell (-2.27%) and CaixaBank (-1.5%). The Federal Reserve held rates yesterday and investors await the ECB's decision. Pressure on banks was compounded by the UK government's announcement that it will raise the additional surcharge on financial institutions' profits from 3% to 6%.

In 35 seconds

The Ibex 35 opened down more than 1%, to 18,689.10 points, weighed by banks.
BBVA led the declines with a 5.43% drop after reporting results; Sabadell fell 2.27% and CaixaBank 1.5%.
The Federal Reserve held rates and the market awaits the ECB's decision.

Read the full story at El Periódico Mediterráneo

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

Ibex 35
banca
BCE
resultados
mercados

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Spain's Ibex 35 opens down more than 1% weighed by banks and awaiting the ECB

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