El Ibex 35 opened this Tuesday with a modest rise of 0.29%, lifting the benchmark index to 10,355.6 points. Investors are watching closely as the United States Consumer Price Index (CPI) for February is released, a key inflation gauge that can influence global markets and monetary policy expectations. The session reflected a sense of cautious optimism as traders weighed domestic momentum against international price pressures.
In macroeconomic news, Spain’s Public Treasury is aiming to place between 1.5 and 2.5 billion euros in a trio- and nine-month T-bill auction this Tuesday. The operation arrives alongside the release of Germany’s CPI data and updates on employment trends across the euro area, all of which are likely to shape the near-term outlook for sovereign yields and risk sentiment. The Treasury’s plan underscores the ongoing funding needs of the state while the broader inflation and labor data feed into expectations for monetary policy normalization in Europe.
Attention also centers on Grifols, the plasma-derived medicines company. After the audited accounts were reviewed by KPMG, there have been disclosures of share purchases by the company’s executive officers and directors. These insider movements come as some investors and private shareholders adjust positions amid ongoing trading activity, and as bearish investors maintain a presence in the stock. The day’s early session saw Grifols leading gains in the Ibex 35, followed by Acciona Energía, ArcelorMittal, and IAG, while Solaria and Colonial lagged behind.
Across Europe, the major stock indices opened with gains as well: London up 0.87%, Paris up 0.48%, Milan up 0.42%, and Frankfurt up 0.31%. The early mood in equities was broadly positive, driven by supportive earnings signals and improving risk appetite in a climate of cautious optimism about growth prospects and inflation.
From the commodities desk, Brent crude for delivered in Europe advanced 0.43%, trading at $82.56 per barrel, while U.S. West Texas Intermediate (WTI) crude stood at $78.21, up 0.36%. These movements reflect ongoing supply dynamics and global demand expectations as markets assess energy resilience amid geopolitical and macroeconomic uncertainties.
In the foreign exchange and fixed income markets, the euro strengthened modestly against the U.S. dollar, reaching approximately 1.0937 for one euro. On the debt side, the yield on Spain’s 10-year government bond climbed to about 3.120%, signaling cautious risk repricing as investors digest inflation and growth data from major economies.