Market Turbulence Hits Spain

The IBEX 35, Spain's premier stock market index, experienced a significant drop of over 6% this Friday. This decline is part of a broader market turbulence affecting global financial markets.

Global Reactions to US Policies

Recent announcements by US President Donald Trump, including a Victory Day declaration and the introduction of new customs duties, have sent shockwaves through financial markets worldwide. In response, Spain's Prime Minister Pedro Sanchez has announced a substantial €14.1 billion stimulus package aimed at cushioning the impact of these international developments on the local economy.

Current Market Status

As of 12:59 pm CET, the IBEX 35 was down by 6.41%, standing at 12,367.00 points.