Overview

• After an early swing above 15,600, the index traded down 0.42% at about 15,520 by 10:00 CET, leaving the 15,500 threshold in play.
• Financials dragged the benchmark as BBVA, Sabadell and Unicaja fell roughly 1%–2%, while Solaria jumped about 4% and Repsol and Telefónica posted small gains.
• Moody’s upgraded Banco Sabadell’s mortgage covered bonds to Aaa from Aa1, a credit-positive move for the lender’s secured funding.
• Spain’s industrial production rose 0.4% year over year in August, easing from July’s 2.5% pace, according to INE data.
• European equities turned lower—Paris off around 1.5%—as investors reacted to political developments in France, with a softer euro and higher oil prices also in focus.