02.09 - Spain Today News 27 October 2025

Welcome to Spain Today News - 27 October 2025The sources detail major events across financial markets, Spanish politics, legal affairs, and environmental disaster aftermath.The Ibex 35 reached a historic peak, hitting 15,957.6 points at mid-session, nearly touching 16,000. This milestone surpassed the maximum level achieved in November 2007, nearly 18 years prior. Year-to-date gains for the Spanish selective index stand at 37.62%. Major stock gainers included Indra, Mapfre, Santander, and BBVA. This market movement occurred during a week marked by central bank meetings and corporate results. Global tensions were easing as the United States and China reached a consensus on trade relations ahead of a meeting between leaders Xi Jinping and Donald Trump in South Korea. Asia saw strong performance, with Seoul’s Kospi index climbing 2.57% to surpass the 4,000-point threshold for the first time.The leadership of Junts unanimously backed Carles Puigdemont’s decision to break with the PSOE, generating an uncertain scenario for the Spanish government, which would be left with a parliamentary minority. This move followed an ultimatum issued by Junts' spokesperson Míriam Nogueras. Key pending issues that fueled the disagreement include the official recognition of Catalan in the European Union and the application of the amnesty law for Puigdemont. Although the Government initially expressed "tranquility", Socialist sources involved in negotiations recognized a "bad impression" and the potential for a legislative blockage, acknowledging Puigdemont as "unpredictable".The trial of State Attorney General Álvaro García Ortiz for an alleged crime of revelation of secrets will be held in the Supreme Court between November 2 and 13. García Ortiz, the first State Attorney General to be tried, will testify on November 12. The case centers on the alleged filtration of an email on March 13, 2024, concerning the tax investigation into Alberto González Amador (partner of Isabel Díaz Ayuso). González Amador is scheduled to testify as a witness on November 4. Also testifying that same day will be Ayuso’s chief of staff, Miguel Ángel Rodríguez, who previously acknowledged filtering a different email related to the negotiations.An analysis of the severe dana (isolated high-level depression) that flooded Valencia a year prior revealed that the damage exceeded forecasts. 40% of the affected buildings were outside designated risk zones, and another 27% were in areas of very low risk, meaning the inundation was considered unpredictable in 68% of the affected area. This points to deficiencies in the regional flood prevention plan (PATRICOVA). In Paiporta, the flow of the Poyo ravine was estimated to have doubled the forecast (reaching 3,500 m³/s).The flooding caused widespread damage to infrastructure: over 600,000 people were left without water supply; 560 kilometers of train tracks, mainly Cercanías lines, were destroyed; and more than 141,000 vehicles were ruined. Economically, the dana impacted nearly 20% of the industrial premises in the province, leading to the resolution of over 3,000 ERTE files covering more than 33,000 employees.Financial Markets Reach Historic Highs Junts Endorses Rupture with PSOEState Attorney General Trial Scheduled Valencia Floods Exceeded Forecasts