Ibex 35 takes on 10,700 points and hits five-week high

The Ibex 35 rose 0.55% on Tuesday and finished above 10,700 points. The index hit a five-week high at 10,734.70 points and now looks towards the psychological level of 11,000 points. Telefonica (+1.23%) and Inditex (+1.18%) led the way in the Spanish stock market, as the telecoms firm went above 10 euros.