Ibex 35 showed positive momentum this Tuesday, advancing by 0.49 percent and pushing the index toward the 9,300 level as it navigated gains at various points during the session. The move followed a morning that did not hold some intraday peaks, but the overall tone remained constructive as traders evaluated recent performance and looked for clues in the broader market narrative.
After a session marked by upbeat performance in Asian equity markets, Madrid’s benchmark began the day with a noticeable lift, the Spanish parquet opening around 9,307 points. Investors were positioned to absorb a batch of macroeconomic releases scheduled for later, including the euro area current account and key indicators on U.S. home sales, data points that could steer sentiment in the hours ahead.
The week’s agenda includes a high-profile event, the central banks’ summit in Jackson Hole, which is set to begin next Thursday. The focal point is expected to be the remarks from European Central Bank President Christine Lagarde and U.S. Federal Reserve Governor Jerome Powell on Friday, with traders hoping for fresh guidance on monetary policy paths and inflation trajectories that could influence risk appetite across global markets.
As anticipation builds for the summit, European stock markets opened higher this Tuesday, signaling a cautious but positive start to the session. Milan led the gains in continental trading, rising about 0.54 percent, followed by Frankfurt and Paris with increases in the vicinity of 0.5 percent and 0.4 percent, respectively, while London posted a modest 0.2 percent advance, underscoring a steady, Europe-wide tone amidst varying regional drivers.
During the early hours of the trading day, around 9:06 a.m., most Ibex 35 components traded in positive territory, with only a couple of names standing out as slight laggards. Repsol and Indra logged minor declines of roughly 0.18 percent and 0.08 percent, respectively, while the broader market atmosphere remained broadly supportive as investors rotated into diverse sectors seeking value and resilience in a still-choppy macro environment.
On the gain side, several constituents led the session by expanding gains: Fluidra posted a notable rise of about 1.68 percent, Merlin Properties gained roughly 1.42 percent, Solaria advanced around 1.28 percent, Colonial increased about 1.07 percent, and Aena added nearly 0.98 percent, collectively reflecting renewed interest in defensive plays and growth-oriented positions within the index.
At the forex desk, Brent crude, the European oil benchmark, slipped modestly by about 0.14 percent to trade near $84.33 per barrel, while U.S. WTI crude retreated around 0.11 percent to roughly $80.02. In parallel, the euro strengthened against the dollar, trading nearer to 1.0919, and yield dynamics in Spain’s 10-year debt curve showed a notable easing, with the benchmark yield drifting to around 3.740 percent, a sign of cooling tensions in long-term funding costs for the country.