Banks drag Ibex down but Spanish index maintains 8,600 level

The Ibex 35 finished in the red on Wednesday. The banking sector has dragged the Spanish index down to the negative numbers, although strong performances from other sectors held it above 8,600 points. It fell 0.56% to 6,638 points, with no banks ending the day in the green. However, oil prices have continued to rise after several days of losses.