Spain's main stock index, the IBEX 35 index, rose 1.5% to a record high. This round of increase was driven by a sharp rise in Inditex's stock price. After Zara owners announced earnings that exceeded expectations earlier in the session, Inditex's stock price rose 8.5%. The rise in technology stocks and energy stocks also boosted the index higher. The index's year-to-date increase has now reached 44%. Barclays analysts said, “We still believe that Spain has a compelling reason and basis for investing because Spain has stronger GDP growth potential, improved fiscal conditions, and an attractive benefit/valuation combination compared to other parts of Europe. “The index reached its latest high, although Spain's services purchasing managers' index fell one point month-on-month to 55.6 points in November, falling short of market expectations of 56.1.

Spain's main stock index, the IBEX 35 index, rose 1.5% to a record high. This round of increase was driven by a sharp rise in Inditex's stock price. After Zara owners announced earnings that exceeded expectations earlier in the session, Inditex's stock price rose 8.5%. The rise in technology stocks and energy stocks also boosted the index higher. The index's year-to-date increase has now reached 44%. Barclays analysts said, “We still believe that Spain has a compelling reason and basis for investing because Spain has stronger GDP growth potential, improved fiscal conditions, and an attractive benefit/valuation combination compared to other parts of Europe. “The index reached its latest high, although Spain's services purchasing managers' index fell one point month-on-month to 55.6 points in November, falling short of market expectations of 56.1.