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ibex 35 Climbs Amid Geopolitical Tensions,Driven by Defense and Banking Gains
Madrid,September 24,2025 - The Ibex 35 closed higher today,buoyed by strong performance in the defense and banking sectors against a backdrop of renewed geopolitical uncertainty. The index rose as global markets reacted to economic data and corporate announcements.
Following Indra‘s lead, Repsol gained 3.13%. Banking stocks also contributed to the positive momentum, with CaixaBank up 1.48%,Unicaja and BBVA advancing 1.3%, Sabadell rising 1.04%,Bankinter increasing 0.94%, and Santander climbing 0.59%.Energy companies Naturgy (+1.38%) and Act energy (+0.8%) also posted gains.
Conversely, Fluidra led the decliners, falling 1.71%, followed by Solaria (-1.59%) and Amadeus (-1.09%) after a suggestion cut from Oddo. Inditex also experienced a setback, dropping 1.27%.
european markets showed a mixed performance. The Dax rose 0.3% despite a 0.3% decline in German buisness confidence in September. The Cac Français subtracted 0.57%, while the Mib Italian fell 0.13%.
Key Developments:
* Iberdrola Investment: Iberdrola announced a roadmap through 2028, planning to invest 58,000 million euros over the next three years, with 8,000 million coming from its partners, primarily in the United States and the United Kingdom.
* Alibaba Surge: Alibaba shares jumped 9.16% in Hong Kong,reaching a nearly four-year high,after CEO Eddie Wu announced the group would exceed its initial artificial intelligence investment plan of 380,000 million yuan (over 45,380 million euros).
* Argentina Relief: The U.S. Treasury is negotiating a $20,000 million (17,014 million euros) swap line with Argentina and a purchase of Argentine debt to stabilize the country’s markets. The S&P Merval responded positively, rising 1.52% today.
* Gerresheimer Investigation: German authorities are investigating the financial statements of packaging company Gerresheimer, leading to a stock market decline of over 15% to 36.20 euros, following a BAFIN review initiated on September 18.
