The main index of the Spanish stock market closed on Wednesday at 15,019 points and reached levels not seen since 2007, the year in which the real estate bubble burst, leading to a global stock market collapse and a decade of austerity for the Iberian economy. At the time of writing on Thursday morning, it had continued to rise to 15,113 points.
The Ibex-35 is less than 1,000 points away from beating its all-time high of 9 November 2007, a month before the outbreak of the great financial crisis. At that time it reached 16,040.40 points. Several factors could be boosting investor confidence during the eight consecutive days in which the Ibex has risen.
