The IBEX 35 opened Thursday with a modest gain of 0.3 percent, nudging the index toward a higher intraday level as traders returned from the previous session. The market clocked in around 8,224 points after ending Wednesday at roughly 8,199, signaling renewed buying interest among Spanish equities.
Investors paused to assess potential guidance on interest rates in the upcoming days, keeping a close eye on signals from the Jackson Hole central bankers summit slated to run from Thursday through Saturday. The focus stretched beyond local policy to global macro cues, including the euro’s performance against the dollar, evolving oil prices, notes from the latest European Central Bank meeting minutes, and key GDP figures from Germany and the United States. These factors are shaping expectations for near-term monetary policy and growth trajectories. — Market data update
Across the broader European trading floor, major indices shared a positive mood. Frankfurt rose about 0.7 percent, while Paris and Milan each climbed roughly 0.6 percent, and London added around 0.5 percent. The day suggested a synchronized start to risk appetite across the continent as investors calibrated the impact of central bank commentary on equity markets. — Market data update
Within the Ibex 35, several components led the rally in early trading. Repsol advanced about 1.6 percent, ArcelorMittal gained around 0.9 percent, BBVA rose 0.7 percent, Sacyr added 0.6 percent, and Santander strengthened by about 0.5 percent. In contrast, Amadeus showed relative weakness with a small dip near 0.3 percent, tempering gains in a few pockets of the index. These moves illustrate the uneven rotation that often marks early sessions as participants position for the day ahead. — Market data update
At the outset of European market activity, Brent crude, a key benchmark for European oil pricing, hovered near $101.50 per barrel, extending to nearby gains of roughly $0.40. Texas Intermediate crude traded around $95.08, reflecting a modest revaluation of about 0.2 percent. In the currency arena, the euro hovered just above parity against the dollar, indicating a cautious stance among currency traders as risk sentiment evolved. The yield on the Spanish 10-year bond edged past 2.55 percent in the debt market, a level that mirrors ongoing sensitivity to both domestic and international monetary developments. — Market data update