Ibex 35 opened the trading day higher, advancing about 0.8 percent as the benchmark reached the 9,200 points level on Monday. The move followed two key developments: a deal on the United States debt ceiling and a pair of regional elections in Spain that saw support shift away from the governing coalition parties, PSOE and Podemos, toward the PP and Vox. Market participants interpreted the debt agreement as easing fiscal uncertainty, while the Spanish vote prompted traders to recalibrate expectations for domestic policy and economic reforms.
Meanwhile, Madrid began the session with a slight jump, standing at 9,266 before the usual market drivers took hold. In London, trading paused briefly due to a public holiday, and in the United States, markets were influenced by Memorial Day observations that limited regular sessions and liquidity. These gaps underscored how interlinked European and American markets are, especially when a major policy development or electoral outcome unfolds across multiple time zones.
Looking ahead, the week promises a flow of key economic data. Spain is set to publish preliminary May inflation figures tomorrow, providing a first read on price trends amid a period of evolving monetary policy and demand conditions. The eurozone-wide inflation update will follow on Wednesday, paired with Germany’s unemployment statistics, offering a snapshot of the broader euro area growth dynamics. In addition, several manufacturing indicators across major economies are expected to surface later in the week, contributing to a clearer view of supply chains and factory activity. In the United States, the unemployment rate is anticipated on Friday, rounding out a week rich with labor market signals and policy interpretation.
At the opening of trading, several Ibex 35 components led gains: Bankinter rose about 3 percent, Grifols climbed roughly 2.6 percent, and both Unicaja and Solaria advanced around 1.7 percent, with Sabadell not far behind at around 1.3 percent. In contrast, Meliá亏 fell about 0.6 percent, Amadeus slipped roughly 0.4 percent, and ArcelorMittal edges lower by a small margin. The dispersion among these names highlighted the sectorial rotation underway as investors weighed domestic earnings momentum against global macro developments.
Across major European markets, the opening tone was broadly positive. Paris, Frankfurt, and Milan all posted modest gains near 0.4 percent at the outset, with Madrid’s performance translating into roughly half of that initial strength. The broader regional pattern suggested a quiet start with selective leadership from financials and cyclical areas, tempered by caution ahead of upcoming inflation prints and policy commentary.
In the commodity sphere, Brent crude, the global benchmark, rose around 0.6 percent to roughly $77.45 per barrel, while West Texas Intermediate traded higher by about 0.7 percent near $73.20. These moves reflected a balancing act between supply constraints, geopolitical considerations, and evolving demand expectations as markets absorb this week’s macro releases.
On the currency front, the euro traded around 1.0735 against the U.S. dollar, indicating a relatively steady risk posture as traders digest the day’s headlines. In the debt market, the yield on the Spanish 10-year bond eased to approximately 3.58 percent, signaling a modest improvement in demand for Spanish sovereign debt amid shifting risk sentiment and expectations for European policy paths going forward. These indicators collectively paint a picture of a nuanced start to the week, characterized by cautious optimism and a readiness to respond to fresh data and policy signals. This analysis aligns with market commentary from sources tracking European equities and macro data, including post-announcement reflections and data-driven updates from leading financial wire services. (Source attribution: Reuters)