The Ibex 35 opened the session with a modest gain of 0.43%, nudging the index past the psychological threshold around 10,100 points and targeting a brief move toward 10,110.4 as traders digest the December CPI data from the United States and the ECB’s latest economic bulletin.
In corporate news, Grifols is set to host an investor call this Thursday aimed at addressing Gotham City Research’s allegations. The company intends to lay out details rebutting what it describes as misinformation and speculation circulating from a bearish fund, and to clarify the implications for its strategy and financial outlook.
Meanwhile, labor talks continued between Iberia and the unions UGT and CCOO, with negotiations aimed at avoiding further disruption to service levels amid a series of previously scheduled staff interactions between January 5 and January 8.
Additionally, BBVA Spark, the fintech investment arm of the banking group, arranged a loan of 15 million euros to Cabify. The financing is intended to accelerate Cabify’s plan to foster sustainable urban mobility while pursuing profitable growth.
In the United States, the Securities and Exchange Commission signaled regulatory approval for the launch of exchange-traded funds tied to cryptocurrencies, including bitcoin spot ETFs. The decision broadens the scope for crypto asset investments and allows a number of product issuers to bring these funds to market, with traders able to access products from ARK, Bitwise, Hashdex, VanEck, WisdomTree, Fidelity, Franklin Templeton, Invesco Galaxy, Valkyrie, iShares, Grayscale, and others. This shift marks a notable change in the regulatory landscape for digital assets, and market participants are watching how it will influence liquidity and product diversity. Attributions: market reports and regulator briefings.
During this week’s macroeconomic focus, U.S. weekly unemployment benefit claims are anticipated to provide fresh insights into the labor market. On the calendar, Friday brings data on China’s inflation and trade balance, along with Spain’s Consumer Price Index, U.S. producer prices, and the United Kingdom’s GDP figures. These releases are expected to add volatility and guide central bank expectations across major economies.
In early trading, the session saw a mixture of declines and gains within major indices. Merlin Properties slid by about 2.22% and Grifols fell around 1.78%, drawing attention to the downside. On the positive side, Fluidra climbed about 1.86% and Indra rose roughly 1.26%, contributing to a broader green tone among listed equities. Colonial also posted a small advance near 1.07%.
Europe’s leading stock markets opened higher on Thursday, with gains of roughly 0.57% in Milan, 0.57% in Frankfurt, and around 0.54% in Paris, while London inched up about 0.5%. These moves reflect a risk-on mood amid ongoing corporate earnings and policy expectations across the euro area.
At the market open, Brent crude traded around $77.24 per barrel, up about 0.57%, while WTI in the United States hovered near $71.78 per barrel, also up 0.57%. The euro traded near 1.0978 against the dollar, and the yield on the 10-year U.S. Treasury rose to roughly 3.85%, signaling cautious optimism about inflation trajectory and growth prospects.