Spain's Rally Has Been Gigantic

Spain is nicely higher today (by about 1.8%) but we just wanted to give you some quick broader context for how much the IBEX has risen since late July, when Mario Draghi talked about doing whatever it took to save the Euro.

The index bottomed at 5950, and today it’s at 7543.20.

That’s a 26% gain in less than a month.

From Bloomberg:

image

Photo: Bloomberg

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame-us spain