Goldman Sachs, a US investment bank, increased its stock positions in three Spanish companies – Indra, Neinor, and Sacyr – signaling increased confidence in the Spanish economy.
Spanish cyclical stocks, particularly banks (Santander, Sabadell, CaixaBank, Unicaja) and tourism-related companies (Inditex), surged on anticipation of an Iran peace agreement and potential reopening of the Strait of Hormuz. Energy stocks like Repsol faced selling pressure as investors took profits.
The planned agreement between the USA and Iran led to significant stock market gains on the DAX index, with MTU Aero Engines showing particularly strong gains. However, some experts warn against premature euphoria.
Austrian chip-component maker Austria Technologie & Systemtechnik AG saw its shares rally significantly after announcing a supply deal with AMD. The company raised its guidance and pledged increased output and investment following the agreement.
German shoe manufacturer Birkenstock announced plans for its first bond issuance in five years. The company recently announced a million-euro share buyback program to support its stock price and is now raising fresh capital through bonds.
The IBEX index surpassed the 19,000-point barrier for the first time in its history as oil prices declined following a reported US-Iran agreement to reopen the Strait of Hormuz. Major Spanish banks including IAG, Santander, and BBVA posted significant gains.
Standard Chartered analyst Geoff Kendrick has signaled to clients that the cryptocurrency market has likely bottomed, with ‘winter is over’ commentary suggesting improved market conditions ahead. The analyst identified three signs of a Bitcoin bottom as part of the outlook.
ArcelorMittal, ACS, and Repsol were the top performers of Spain’s Ibex 35 stock index in 2026, each gaining more than 40%, significantly outperforming the index’s overall gain of 8.42%.
Naturgy, Indra, and Solaria will increase their weighting in the Ibex 35 index effective June 22, 2026
Two major short-seller firms have reduced their positions in Bankinter ahead of a potential European Central Bank interest rate announcement. The article indicates a pullback in bearish bets on the Spanish bank in anticipation of ECB monetary policy decisions.