Ibex 35 Surges Past 19,800 Points Amid Stable Oil Prices

The Spanish Stock Exchange's main index, the Ibex 35, began Thursday's session on a high note, reaching above 19,800 points.

At 9:15 AM, it recorded an increase of 0.64%, reaching 19,822 points.

The market faces challenges with stable oil prices around $100 and expectations of a possible interest rate hike by the European Central Bank (ECB).

This gain has raised the Ibex 35's year-to-date revaluation to 14.51%.