IBEX 35 slips below 20,000 at midday after early rebound
Published on 11/11/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIBEX 35 midday developments
- The IBEX 35 stood at 19,919.10 points at 11:45 Berlin time on November 11, down 0.09% from Tuesday's close.
- Technology optimism and gains in Asian markets supported the opening, but higher oil prices, US inflation concerns and hawkish Federal Reserve signals weighed later.
- Spain's 24-hour general strike added a domestic backdrop, while the US Treasury market was closed for Veterans Day.
The IBEX 35 moved lower by midday on Wednesday after an early attempt to reclaim the 20,000-point threshold. At 11:45 Berlin time, the Spanish benchmark stood at 19,919.10 points, down 0.09% from Tuesday's close of 19,936.40 points, according to Bolsamania. The reading is an intraday level, not a closing value.
Early gains fade below 20,000
The index had opened above the psychologically important level and reached 20,063 points shortly after the start of trading. By midday, however, it had given back the advance and was down about 0.2%, reported Cinco Dias. The failed hold above 20,000 followed a similar pattern on Tuesday, when the index finished at 19,936.40 points after trading above that mark during the session.
Technology support meets rate pressure
Market sentiment received support from technology shares after strong results from cloud-computing company CoreWeave and strong demand for Anthropic's planned initial public offering. Asian equities also advanced, with South Korea's KOSPI rising 2.60% and Japan's Nikkei gaining 1.42%, according to Cinco Dias. US equity futures pointed to a higher opening, although the report noted that higher-than-expected US inflation and hawkish comments from Federal Reserve officials were reviving concerns about further rate increases.
Oil moved in the opposite direction from the previous session, with Brent trading above 92 US dollars per barrel. The rise supported energy stocks but also kept inflation and interest-rate risks in focus. Repsol was among the strongest IBEX constituents, while Aena, Fluidra and Ferrovial were among the weaker names, according to the same report.
Domestic and international backdrop
Trading also took place against a 24-hour general strike in Spain. At 11:30 Berlin time, the IBEX 35 was reported at 19,912.1 points, down 0.12%, with Repsol and ArcelorMittal among the leading gainers and several banking stocks among the decliners, according to Europa Press. The market therefore remained open and was still fluctuating during the configured reporting window; the final session result could differ from the midday reading.
Further IBEX 35 coverage is available on the topic page.
