Spanish Economic Performance: As the Amundi IBEX 35 UCITS ETF Acc tracks the IBEX 35 index, which comprises major Spanish companies, the overall health and growth of the Spanish economy directly impact the performance of its underlying holdings.

European Central Bank (ECB) Monetary Policy: Decisions by the European Central Bank on interest rates and its broader monetary policy significantly influence the cost of capital for Spanish companies, consumer spending within the Eurozone, and general investor sentiment towards European equities.

Global Geopolitical Events and Energy Prices: Escalation of the Middle East conflict and adjustments in OPEC+ production can lead to increased oil prices. Such developments would likely raise operating costs for many companies within the IBEX 35 index and could dampen global and European economic growth, thereby affecting investor confidence in Spanish markets.