Overview
- The index rose 1.11% to 17,041, notching a record close and bringing its year-to-date gain to 47%.
- Bank shares drove the advance, led by Bankinter (+3.02%) with solid gains in Santander (+2.5%), Sabadell (+2.2%), CaixaBank (+2.16%), Unicaja (+2.09%) and BBVA (+1.85%).
- Ferrovial gained 2.20% after joining the Nasdaq 100 and launched a share buyback of up to €800 million.
- EU governments ratified keeping €210 billion in Russian assets frozen indefinitely as a step toward using the assets’ liquidity to support a planned loan to Ukraine.
- Investors are focused on Thursday’s ECB meeting after a broadly positive European session that saw major indices advance.