IBEX 35 falls 76 points at midday as oil lifts Repsol
Published on 10/23/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOil pressure drives the decline
- IBEX 35 trades at 18,838 points, down 76 points or 0.4 percent at 12:00 p.m. CEST.
- Brent crude rises 1.1 percent to 114.37 USD as Middle East tensions lift supply concerns.
- Repsol leads IBEX 35 gainers, up 3.6 percent at midday.
- U.S. preliminary PMI data are due October 23, 2026, at 3:45 p.m. CEST.
The IBEX 35 is down 76 points, or 0.4 percent, at 18,838 points at 12:00 p.m. CEST on October 23, 2026. Brent crude is up 1.1 percent at 114.37 USD as Middle East tensions raise supply concerns, Europa Press reports.
Repsol is the strongest major mover, up 3.6 percent at midday. The energy stock is benefiting from higher crude prices, while Reuters links the wider risk-off tone to technology selling and rising oil prices.
Why is the IBEX 35 lower at midday?
The index gave back its early advance as Brent moved above 114 USD. The oil market has reacted to rising Middle East tensions, adding to inflation concerns before next week's central-bank meetings.
The IBEX 35 also remains below 19,000 points after losing 2.1 percent on October 22. That decline followed pressure on Spanish banks after Bankinter's results and a rise in French sovereign risk, EFE reports.
Winners and losers in the IBEX 35
Midday winners and losers on the Madrid Stock Exchange were listed by Europa Press:
- Repsol up 3.6 percent: higher oil prices.
- Cellnex up 1.5 percent.
- Acerinox up 1.0 percent.
- Indra down 2.8 percent.
- Telefonica down 1.9 percent.
- IAG down 1.9 percent.
IBEX 35 course stays below 19,000 points
The IBEX 35 opened near 18,965 points before slipping below 18,900 points at midday. The index was at 18,838 points at 12:00 p.m. CEST, compared with a previous close of 18,914 points.
U.S. preliminary purchasing managers' indexes (PMIs) are due later. Manufacturing is expected at 55.4, against 55.9 previously, while services are expected at 57.9, against 58.8 previously, Investing.com reports.
What comes next for the IBEX 35
- October 23, 2026, 3:45 p.m. CEST: U.S. preliminary manufacturing and services PMI data, with manufacturing expected at 55.4, Investing.com reports.
- October 27, 2026: The Federal Reserve begins its policy meeting, ahead of the October 28 decision.
- October 29, 2026: The European Central Bank is scheduled to announce its policy decision.
IBEX 35 price data for October 23, 2026
The IBEX 35 stood at 18,838 points at 12:00 p.m. CEST on October 23, 2026, according to Europa Press. It was down 76 points, or 0.4 percent, from the October 22 close of 18,914 points.
IBEX 35 by the numbers on October 23, 2026
- Index: IBEX 35
- Home exchange: Bolsa de Madrid, Spain
- Level at 12:00 p.m. CEST on October 23, 2026: 18,838 points
- Change versus previous close of October 22, 2026: down 76 points (down 0.4 percent)
- Previous close: 18,914 points
- Top gainer: Repsol up 3.6 percent
- Top loser: Indra down 2.8 percent
- Next scheduled event: October 23, 2026, 3:45 p.m. CEST: U.S. preliminary PMI data
