IBEX 35 closes 410 points lower as Bankinter sinks
Published on 10/22/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBanking pressure and Friday dates
- IBEX 35 closed at 18,914 points on October 22, down 410 points or 2.1 percent.
- Bankinter fell 7.6 percent as France's risk premium rose above 170 basis points.
- Telefonica led IBEX 35 gainers with a 1.8 percent increase.
- Eurozone flash PMI data are due October 23 at 10:00 a.m. CEST.
The IBEX 35 closed down 410 points, or 2.1 percent, at 18,914 points on October 22, 2026. Bankinter's results sent its shares lower, while France's risk premium rose above 170 basis points, Europa Press reported.
Bankinter fell 7.6 percent after reporting net profit of 901 million euros for the first nine months, up 11 percent year over year. The reaction contrasted with the previous session, when the index closed at 19,324 points, according to Europa Press.
Why did the IBEX 35 fall below 19,000?
Banking stocks led the decline after Bankinter's release. The pressure spread across the financial sector as concerns over French sovereign risk weighed on European markets, Europa Press said.
The index reached a new three-month low. Declining stocks outnumbered advancing stocks 125 to 61, while 17 finished unchanged, Investing.com reported.
Winners and losers in the IBEX 35
Closing movers came from the same Madrid session as the index, according to Investing.com:
- Telefonica up 1.8 percent
- Cellnex up 1.6 percent
- Colonial up 1.4 percent
- Bankinter down 7.6 percent after its earnings release
- CaixaBank down 5.7 percent
- Solaria down 5.3 percent
What comes next for the IBEX 35?
- October 23, 2026, 9:30 a.m. CEST: Germany's preliminary manufacturing and services purchasing managers' indexes; manufacturing consensus is 54.0, ActionForex lists.
- October 23, 2026, 10:00 a.m. CEST: Eurozone preliminary composite PMI, with manufacturing consensus at 52.8 versus 52.9 previously, ActionForex shows.
- October 23, 2026, 3:45 p.m. CEST: U.S. preliminary manufacturing, services and composite PMI data are scheduled.
IBEX 35 price data for October 22, 2026
The IBEX 35 closed at 18,914 points on October 22, 2026, down 410 points or 2.1 percent from 19,324 points on October 21, according to Europa Press. The close was recorded after Madrid trading ended.
IBEX 35 by the numbers on October 22, 2026
- Index: IBEX 35
- Home exchange: BME Exchange, Spain
- Close on October 22, 2026: 18,914 points
- Change versus previous close of October 21, 2026: down 410 points (down 2.1 percent)
- Previous close: 19,324 points
- Top gainer: Telefonica up 1.8 percent
- Top loser: Bankinter down 7.6 percent
- Next scheduled event: October 23, 2026, 10:00 a.m. CEST: Eurozone preliminary composite PMI
