IBEX 35 closes 1.68 percent lower as oil and bond yields rise
Published on 10/07/2026 at 21:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
IBEX 35 closed on October 7, 2026 at 19,118 points, down 1.68 percent, as Middle East tensions pushed Brent crude above USD 101 and lifted European bond yields, according to Europa Press.
Oil and debt pressure the index
Brent settled at USD 101.65, up 1.05 percent, while West Texas Intermediate rose 0.3 percent to USD 89.70. The Spanish 10-year yield climbed to 4.107 percent from 4.07 percent at Tuesday's close, widening the risk premium over the German bond to 64.6 basis points.
Europa Press linked the market pressure to attacks announced by Houthi forces against targets in Saudi Arabia and continued uncertainty around the wider Middle East conflict. The rise in crude prices added to concerns about energy costs and inflation.
Banks and steel shares lead declines
ArcelorMittal fell 4.53 percent, CaixaBank lost 3.52 percent, Solaria dropped 3.51 percent, BBVA declined 3.5 percent and Unicaja fell 3.42 percent. Telefónica gained 1.51 percent, Rovi advanced 1.46 percent and Acciona rose 0.95 percent, according to Investing.com.
The move left the Spanish benchmark lower alongside other European markets. A separate market account also put the close at 19,118 points and described the session as a reaction to higher crude prices and debt-market pressure, according to Finanzas.com.
What is next
The next IBEX 35 session is scheduled for Thursday, October 8, 2026. Bankinter analysts said the third-quarter earnings season starts next week, as Europa Press reported.
