Market Turbulence Hits Spain Hard

The IBEX 35, Spain's premier stock market indicator, experienced a dramatic fall of over 6% this Friday, as global markets continue to reel from ongoing turbulence.

Trump's Policies Spark Worldwide Financial Unrest

The recent declaration by US President Donald Trump on Victory Day, coupled with the introduction of new customs duties, has sent shockwaves through financial markets around the globe. This move has particularly affected Europe, with Spain's leader Pedro Sanchez announcing a substantial €14.1 billion stimulus package aimed at cushioning the local economy from the impact of the US's sweeping 20% tariff on all EU imports.

Current Market Status

As of 12:59 pm CET, the IBEX 35 was down by 6.41%, settling at 12,367.00 points, marking a significant downturn in Spain's financial outlook.