Ibex Rebounds on Fed Rate Hike as ECB Keeps Inflation Watch

The Ibex 35 stock market index in Spain rebounded by 1% on Thursday after the Federal Reserve's decision to raise interest rates. The index closed at 19,831.8 points, recouping some of the ground lost in previous sessions.

The Fed's rate hike was a surprise move that contrasts with US President Donald Trump's calls for lower rates ahead of the midterm elections. Analysts are now watching to see if this increase marks the start of a new period of monetary tightening.

In other economic news, the Bank of England kept its official interest rate at 3.75%, citing concerns over energy costs and inflation prospects.