The performance of the leading Spanish index lags behind compared to other European indices.
(Photo: imago images/Zoonar)
Madrid Spain’s leading share index is special in several respects. The Ibex 35 has still not reached its pre-corona level. In contrast, other European indices such as the leading German index Dax, the Italian FTSE MIB and the leading euro zone index Euro Stoxx 50 have significantly exceeded their 2019 level.
Even in the short term, the leading Spanish index is clearly lagging behind. The increase in the past twelve months is ten percent. The Dax and Euro Stoxx 50 have climbed by almost a quarter since mid-2022, and the FTSE MIB by almost 30 percent.
The figures are surprising, as the prospects for the Spanish economy are positive and the stock market usually reflects (economic) expectations. According to experts, the decisive factor for the weakness is the structure of the index. Nevertheless, they see potential in some listed heavyweights.
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