The Ibex 35, the principal gauge of the Spanish equity market, opened this Thursday with a modest advance, lifting the index by 0.5 percent and helping it reclaim the 10,100 point level after a tougher session in Madrid yesterday. The early move places the benchmark at around 10,105 as most components rose, in line with a broad uptick across European shares to start the day.
Investors are parsing a packed calendar of data today, with a fresh wave of PMIs due from several European nations, the euro zone, and the United States. Market attention is also turning to the CPI readings released in France and Germany, a new batch of U.S. jobless claims, and the first Spanish Public Treasury auction of the year, where the government aims to raise roughly 5.75 to 7.25 billion euros.
In the background, traders received the minutes from the Federal Reserve’s most recent policy meeting, which suggested a potential path toward rate reductions later in the year. The Fed indicated that it would likely sustain a restrictive stance for some time until inflation moves decisively toward the central bank’s target, a signal that shapes risk sentiment across global markets.
Within the Ibex 35, the standout movers in the early hours included Fluidra and Grifols, each rising about 2.8 percent. Endesa climbed 1.8 percent, while IAG advanced around 1.2 percent. Repsol also traded higher, with a modest gain close to 0.9 percent as the session progressed.
Across Europe, major exchanges opened the day with gains. Paris and London advanced by roughly one tenth of a percent, while Milan showed a slightly stronger tilt with gains approaching two tenths. Frankfurt’s DAX started near flat but quickly moved into positive territory, trading up around 0.4 percent by midmorning.
Commodity markets followed the broader risk-on mood, with Brent crude climbing about 0.8 percent to approximately 78.87 dollars per barrel. In the United States, a related uptick for Texas Intermediate supported crude around 1 percent above recent levels, trading near 73.49 dollars a barrel.
Turning to currencies, the euro was quoted near 1.0936 dollars in current trading. In the fixed-income arena, the 10-year U.S. Treasury yield hovered around 2.98 percent, a level that reflects ongoing concern about growth and inflation dynamics while investors weigh this year’s monetary policy trajectory.
Overall, today’s market mood mirrors a cautious but constructive tone across major markets. Traders are balancing the immediate impulse of opening gains with the evolving narrative on inflation, growth prospects, and policy paths that could shape risk assets through the near term. The day’s data deluge and central bank commentary are likely to keep volatility elevated as investors recalibrate portfolios in light of new signals from policymakers and corporate earnings outlooks in the weeks ahead.