The Spanish blue-chip stock index reversed its decline in early trading, as Prime Minister Snchez stood firm.

Spanish Prime Minister Pedro Snchez's reiteration of the country's opposition to US and Israeli attacks on Iran has reversed the early decline of the Spanish IBEX 35 stock index. The index fell at the opening of the European market after US President Trump threatened to "stop all business related to Spain" in response to Spain's refusal to allow the US to use its military bases to strike Iran. Although the index rose by 0.2%, it lagged behind most other European stock indices as they cautiously rebounded following two days of heavy selling. The index was dragged down by the banking and energy sectors, with Bankinter falling by 2.1%. The European Stoxx 600 index rose by 0.6%.