IBEX 35 falls 133 points at midday as BBVA weighs

The IBEX 35 was trading at 18,750 points at 12:59 p.m. CEST on October 29, down 133 points or 0.7 percent from the previous close, Bolsamania reported. The index was pressured by bank results before the European Central Bank rate decision.

BBVA was the biggest drag, falling 4.3 percent after reporting attributable nine-month profit of 9.066 billion euros. The result rose 13.6 percent year over year, but the Spanish business performance fell short of expectations, Finanzas.com reported.

Why is the IBEX 35 down at midday?

Banking shares led the pressure after BBVA and Banco Sabadell released results. The sector also faced news that the United Kingdom would raise its additional bank-profit surcharge from 3 percent to 6 percent, Democrata reported.

Energy stocks provided support. Brent crude traded at 114.10 USD, down 1.06 percent, while Repsol rose after reporting nine-month profit of 5.006 billion euros, up 325 percent from the prior year, Forbes Espana reported.

Winners and losers in the IBEX 35

Winners and losers at 12:59 p.m. CEST according to Bolsamania:

• Repsol up 2.8 percent: nine-month profit rose 325 percent.
• Ferrovial up 2.5 percent.
• Acciona Energia up 2.4 percent.
• BBVA down 4.3 percent: Spanish business performance disappointed.
• Mapfre down 2.8 percent.
• Naturgy down 1.7 percent.

What comes next for the IBEX 35

The European Central Bank will announce its interest-rate decision at 2:15 p.m. CEST on October 29, followed by President Christine Lagarde's news conference at 2:45 p.m. CEST, Bolsamania reported. Markets expect the deposit rate to remain at 2.50 percent.

IBEX 35 price data for October 29, 2026

The IBEX 35 stood at 18,750 points at 12:59 p.m. CEST on October 29, 2026, down 133 points or 0.7 percent from the previous close of 18,884 points, Bolsamania reported. The index opened at 18,689 points.

More market reports and analysis on the IBEX 35