The IBEX 35 began the Wednesday trading session by edging up 0.19%, placing the index at 7,992.81 points. At 9:01 a.m., investors waited for the eurozone inflation figures that would illuminate the path for European markets today.
Following a 0.12% decline in the previous session, the Madrid selective index moved into positive territory to start the day, though it remained shy of the 8,000-point threshold that many traders watch as a psychological barrier. The move signaled a reversal from the prior downtrend and suggested cautious optimism among domestic investors in the early hours.
In the opening moves, several components led the gains: Sabadell rose about 1.2%, Indra gained roughly 0.32%, Grifols added around 0.25%, Santander increased by 0.22%, BBVA climbed 0.22%, and Iberdrola added 0.16%. Not all major names followed this positive pattern, however, as Inditex fell about 0.7%, Enagás dropped 0.32%, and Repsol slipped 0.23%, among others. The early session highlighted the mixed sentiment that typically accompanies a key macro data release and the broader regional context.
Across Europe, other major equity markets opened higher as well: Frankfurt led the gains with about a 0.51% rise, Paris advanced around 0.33%, and London added roughly 0.20%. The regional mood reflected investors’ eagerness to gauge how inflation dynamics could impact central bank policy and currency movements in the near term.
Commodity markets also pointed to a steady tone. Brent crude, the benchmark for European energy markets, traded near $98 per barrel, up about 0.64% on the session. In contrast, Texas Intermediate (WTI) crude hovered around $92, marking a gain of approximately 0.76% as supply concerns and economic signals continued to shape risk sentiment in energy trading.
From a currency perspective, the euro traded at roughly 1.0016 dollars per euro, reflecting a near-parity stance that often appears during periods of currency market calm-to-uncertainty ahead of major macro releases. The market also tracked a risk premium near 118 basis points and observed the Spanish 10-year government bond yield around 2.653%, underscoring the ongoing sensitivity of European debt markets to inflation trajectories and growth expectations.
Overall, today’s session is shaping up as a test of resilience for Spanish equities and regional markets. Traders are weighing the impact of eurozone inflation data against a backdrop of global energy prices, month-to-month economic indicators, and the evolving stance of central banks. The balance between domestic stock performance and international market cues will likely influence the trajectory of the IBEX 35 through the remainder of the week, as investors seek clarity on the inflation path and its implications for monetary policy and investment strategy.