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Ibex 35 Hits 17-Year High, Driven by Grifols and ACS Earnings

Spain's main stock index nears 14,000 points as strong corporate results and a U.S.–China tariff truce boost investor confidence.

Paneles del Ibex 35, en el Palacio de la Bolsa, en Madrid (España).

Overview

  • The Ibex 35 closed at 13,769.1 on May 13, its highest level since 2008, after a 0.83% daily gain.
  • Grifols led the index's growth with a 179% year-on-year profit surge to €60 million in Q1, fueling a 6.46% rise in its stock price.
  • ACS reported an 8% increase in net income, reaching €191 million for the first quarter of 2025.
  • Ercros posted a €12.2 million Q1 loss and remains under scrutiny due to ongoing takeover bids by Bondalti Ibérica and Esseco.
  • The 90-day suspension of U.S.–China tariffs, agreed during recent negotiations in Switzerland, has uplifted global market sentiment.