The Ibex recovers the September level thanks to the drop in oil
The Ibex index has approached the 20,000-point mark, gaining nearly 1% amid a general strike and an election campaign. This rise is attributed to banking stocks and geopolitical factors, particularly a decrease in oil prices following U.S. statements regarding Iran. Despite volatility in global markets, especially in tech sectors, Spain's stock market remains resilient, with over 15% gains this year. Analysts suggest that potential interest rate hikes by the Federal Reserve could further impact investor sentiment, especially with rising inflation in the U.S.
Fact-check this story: paste the text or link into Justifact and get a verdict with the sources consulted.