Ibex 35 logs its best session since July due to Brent's decline 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.
AI-generated. Check the date, context and references before using the information in this text.
This post was machine-translated from the original.
Published on November 03, 2026. The news, plans and figures cited reflect that context and may have changed since.
Ibex 35 registers its best session in three months amid the drop in oil
The main Spanish stock index closed on November 2, 2026, with a 1.63% gain, reaching 18,957 points. This advance is mainly attributed to a 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
Positive signals from the Middle East have generated optimism among investors by reducing concerns about possible disruptions in oil supply. This dynamic has favored a better performance of European stock markets, with the Ibex 35 leading the gains in the region.
Analysts point out that future developments will depend on how diplomatic talks progress and their real impact on energy prices and market confidence.
Sources
References recorded in the post, with the date each link was accessed.
0 comments
Access your accountYour session works across the whole site.