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Visitors sit and read newspapers beyond a reflection of Ibex stock index information inside the Madrid Stock Exchange, or Bolsa y Mercado, in Madrid. Valuations on the IBEX 35 have fallen to 11.1 times estimated earnings from 23.5 times in November.

Photographer: Angel Navarrete/Bloomberg

Visitors sit and read newspapers beyond a reflection of Ibex stock index information inside the Madrid Stock Exchange, or Bolsa y Mercado, in Madrid. Valuations on the IBEX 35 have fallen to 11.1 times estimated earnings from 23.5 times in November.
February 22, 2013
Article
Spanish Shares Offer Value on BBVA Revenue, BNP Says
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