Ibex 35 records its best session since July due to the fall in Brent and signs of easing in the Middle East
The Ibex 35 closes with a strong rise thanks to the drop in Brent and signs of easing in the Middle East, while the euro gains ground against the dollar and bitcoin remains stable.
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Published on 03 November 2026. The news, plans and figures cited reflect that context and may have changed since.
The Ibex 35 registers its best session in three months amid the fall in oil
The main Spanish stock index closed on 2 November 2026 with a rise of 1.63%, reaching 18,957 points. This advance is mainly attributed to the decrease of more than 7% in the price of Brent oil, which stood near 106 dollars per barrel, driven by signs of possible negotiations in the Middle East that could allow the reopening of the Strait of Hormuz.
In the currency sphere, the euro strengthened against the US dollar, reaching an exchange rate of 1.12 dollars. For its part, bitcoin remained stable around 78,000 dollars during the session.
Geopolitical context influences the markets
The positive signals coming from the Middle East have generated optimism among investors by reducing concerns about possible interruptions in oil supply. This dynamic has favoured a better performance of European stock markets, with the Ibex 35 leading gains in the region.
Analysts point out that future developments will depend on how diplomatic talks progress and on their real impact on energy prices and market confidence.
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