Ibex 35 Hits 15,200 Points, Led by BBVA 2% Gain, Eyes 15,541 Target After US-China Trade Deal

The Ibex 35, Spain's benchmark stock index, has experienced a strong upward trajectory in August 2025, reaching levels not seen since 2007. After fluctuating around the 14,800 to 14,900 points range earlier in the week, the index surpassed the 15,000-point mark on August 13 for the first time in 18 years, a milestone last achieved in January 2008. This advance is attributed to positive developments such as the recent US-China trade agreement and robust performances in sectors including banking, tourism, utilities, and construction. The index continued its momentum, consolidating above 15,100 points and closing at 15,200 points on August 14, representing a 1.24% gain for the day. Notably, BBVA shares contributed to the gains with a 2% increase. Analysts have set a target for the Ibex 35 at 15,541 points, indicating potential further upside of approximately 4%. The broader European stock market is also showing a positive outlook, with expectations of a 2% rise while the Ibex defends its recent highs. Meanwhile, Belgium's main stock index has broken an 18-year record, signaling a gradual recovery from the 2008 financial crisis across European markets.