The Ibex 35 kicked off the session with a modest gain of 0.11 percent on Thursday, allowing the benchmark index to settle in a secondary position. By 9:01 a.m., the index touched 8,331 points. After a positive start on Wall Street, the Dow Jones rose 1.6 percent, the S&P 500 added 1.49 percent, and the Nasdaq increased by 1.54 percent as trading began in the United States.
Following a 1.4 percent advance the day before, Madrid’s main stock market index opened higher, crossing the 8,300 point threshold and staying above it as investors awaited the final US third quarter GDP revision. The session showed increasing activity and cautious optimism as global markets absorb the latest growth signals from the world’s largest economy.
In the early minutes of trade, several names led the gains. Grifols rose 1.12 percent, Bankinter climbed 0.95 percent, Repsol advanced 0.87 percent, ACS gained 0.73 percent, Naturgy Energy moved up 0.67 percent, and Endesa ticked higher by 0.62 percent. Among the laggards were Colonial down 0.67 percent, Siemens Gamesa off 0.56 percent, Amadeus dipping 0.26 percent, and Merlin Properties retreating 0.19 percent as investors reevaluated portfolio exposures.
Across the rest of Europe, the major markets opened in positive territory, with gains around 0.3 percent in Frankfurt, Paris, and London as traders digest corporate updates and macro data. Oil markets followed suit, with Brent crude, the EU reference, edging up 0.1 percent to roughly 82 dollars a barrel, while U.S. crude posted a small advance near 78 dollars per barrel on the day.
Meanwhile, the euro held near the level of 1.0637 per dollar as market participants weigh inflation expectations and the trajectory of European interest rate policy. The Spanish risk premium stood at roughly 107 basis points, and the yield on Spain’s ten-year government bond hovered near 3.37 percent, reflecting a cautious but relatively constructive mood among regional investors.
Overall, traders are calibrating their positions ahead of the US GDP revision and ongoing corporate earnings season. The tone remains cautious but positive as markets seek direction from the balance between inflation pressures, central bank signaling, and the global growth outlook. Market participants in North America and Europe are watching how these dynamics translate into sector rotations, liquidity conditions, and the ability of equities to maintain momentum through the quarter end. Attribution: market data and commentary from financial services sources.