Here’s how Ibex 35 opened on Tuesday, with a modest gain of 0.31% taking the index to 9,186 points. Investors watched Spain’s unemployment data for the third month of the year showing a drop of 48,755, while SGK posted a standout performance in the labor market with 206,410 new jobs, signaling ongoing momentum in the jobs arena. The day-to-day mood reflected a cautious but constructive tone as traders weighed domestic indicators against European market dynamics.
At the outset of trading, several Ibex 35 components led the advance. Inditex rose 0.81%, followed by IAG up 0.66%, Bankinter with a 0.53% increase, Santander gaining 0.42%, and Acerinox up 0.27%. These moves suggested broad participation among large-cap names, with retail, financials, and industrials contributing to the early strength. The market showed little hesitation in extending the gains from the previous session, as investors sifted through corporate news and macro signals.
On the downside, the session’s steepest declines were posted by Cellnex Telecom at 0.93%, Solaria down 0.58%, Naturgy slipping 0.36%, Logista decreasing 0.35%, and Endesa off 0.13%. The gap between gainers and decliners was noticeable but not disruptive, indicating a market that preferred selective exposure rather than broad-based selling. Traders balanced the pull of higher yield with concerns about sector rotations and the pace of global economic recovery.
Across Europe, the opening tone was positive, underscoring a shared risk-on sentiment among major indices. London rose by about 0.62%, Paris gained 0.39%, Frankfurt advanced 0.38%, and Milan ticked higher by 0.29%. The early moves pointed to a synchronized start to the week, even as individual country narratives remained nuanced and driven by country-specific data and corporate updates.
In commodity markets, Brent crude, the benchmark for Europe, advanced roughly 0.7% to around 80.98 dollars per barrel. The U.S. crude contract also showed strength, rising about 0.61% to 80.98 dollars. The near-term supply and demand picture remained under observation as traders weighed geopolitical risks, production decisions, and demand trajectories that could influence price levels in the weeks ahead.
The foreign exchange arena showed the euro trending around 1.0911 against the dollar, a level that keeps import costs in check for many euro area buyers while presenting currency dynamics to monitor for multinational earnings. The risk premium in Spain hovered near about 104.1 basis points, reflecting a modest premium for local credit relative to safer benchmarks. The yield on a standard 10-year Spanish bond stood near 3.29%, a figure that aligns with current financing conditions and investor sentiment about long-term debt sustainability in the region.