IBEX 35 rises 1.13% to 18,864 points at midday
Published on 11/02/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIBEX 35 rebounds at midday
- The IBEX 35 rose 1.13% to 18,864 points at 12:00 on November 2, 2026.
- Falling crude prices and easing concerns over supply supported the broader market rebound.
- CaixaBank, Unicaja Banco and Banco Sabadell led gains, while Acerinox, Repsol and Enagas lagged.
The IBEX 35 was trading higher at midday on Monday, November 2, as Spanish equities recovered from October's decline. The benchmark stood at 18,864 points at 12:00, up 1.13% on the session and approximately 211 points above Friday's close of 18,652.90. The figure and the intraday percentage were reported by Europa Press. This was an intraday reading, not a closing level.
Lower crude prices support the rebound
Market conditions remained tied to developments in the Middle East and uncertainty surrounding energy supplies. Europa Press reported that crude was down 4.18% at 108.63 US dollars per barrel during the midday session, while West Texas Intermediate was down 4.37% at 99.59 US dollars. The decline in energy prices offered some relief to businesses and consumers exposed to fuel costs, although the geopolitical backdrop remained a source of risk.
The broader economic backdrop was comparatively constructive. Spain's manufacturing PMI reached 52.2 in October, according to the report, its strongest reading since August 2025. The euro-area manufacturing PMI was 52.7, down from 52.9 in September but still above the 50-point threshold associated with expansion.
Banks lead the index higher
Financial stocks provided the strongest support for the index. CaixaBank gained 2.86%, Unicaja Banco rose 2.59% and Banco Sabadell advanced 2.45% by midday. Amadeus, Fluidra and Grifols were also among the leading gainers, rising 2.36%, 2.14% and 1.87%, respectively.
The advance was not broad-based across every major component. Acerinox fell 1.18%, Repsol declined 0.91% and Enagas lost 0.79%. The contrast between banks and energy-related names underlined the importance of the crude-price move for the session's sector leadership.
Recovery remains an intraday signal
The midday gain marked a meaningful rebound from the previous session, when the IBEX 35 closed at 18,652.90 points after falling 1.09%, according to the IBEX 35 topic page. It does not yet establish a change in the broader October trend, and the final direction will depend on how investors assess energy developments, corporate news and the wider European market through the close.
Further IBEX 35 coverage is available on the IBEX 35 topic page.
