Banks push the Ibex up 2%, its biggest rise since April

The Ibex 35 rebounded with force on Wednesday. The index was up 1.96%, its biggest gain since the French elections in April, and is approaching 10,400 points (10,389.30). Gains from Telefonica (+3%) after an increased target price from Berenberg, as well as rebounds from Sabadell (+6.8%), Mapfre (+5.2%), CaixaBank (+4.2%) and Santander (3.8%) helped the index.