IBEX 35 closes 1.63% higher at 18,957.80 points
Published on 11/02/2026 at 19:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIBEX 35 rebounds at November start
- The IBEX 35 closed November 2, 2026 at 18,957.80 points, up 1.63% on the session.
- Lower oil prices, recovering banks and firmer Wall Street supported the rebound after October's losses.
- Amadeus, Fluidra and Solaria led the gainers, while Repsol was the weakest major decliner.
The IBEX 35 ended Monday, November 2, 2026, at 18,957.80 points, gaining 304.90 points or 1.63%. The close marked the index's strongest daily advance in three months, according to EFE, published by Infobae. The move brought the Spanish benchmark close to the 19,000-point mark after October ended with a loss.
Oil relief and bank recovery
The main support came from a sharp decline in energy prices. EFE reported that Brent crude fell 7.21% to 105.25 US dollars per barrel. Lower oil prices eased some of the inflation and interest-rate concerns that had weighed on European markets. The same report said Spanish banks gained an average of 2.4%, helping the IBEX 35 outperform its recent weakness.
The broader market backdrop also improved during the session. Wall Street was advancing by about 0.98% while European investors assessed the approaching US midterm elections, the next US employment report and a busy corporate-results calendar. These were market themes reported by Reuters via Investing.com.
Leaders and laggards
Performance within the index remained uneven. Reuters reported that Amadeus IT and Fluidra each rose 4.65%, while Solaria gained 4.49%. Repsol moved in the opposite direction, falling 2.47%, with Acerinox down 1.56% and Endesa off 0.87%. Across the Madrid market, advancing shares outnumbered decliners by 142 to 49, with 18 unchanged.
The rebound therefore reflected a combination of broad market participation, banking strength and relief from the oil market rather than a single company catalyst. For investors, the next focus is whether the index can consolidate the recovery while markets absorb US political uncertainty, incoming economic data and further earnings releases.
BME Exchange describes the IBEX 35 as the leading benchmark for Spain's listed companies and domestic market. Further coverage is available on the IBEX 35 topic page.
