The Ibex 35 opened the session on Tuesday with a decline of 0.83%, placing the benchmark index in second position among its peers. At 9:01 a.m., the index stood at 8,069 points as traders assessed the latest moves in momentum and volatility. The day’s trading pattern comes amid a global backdrop where one major central bank remains unmoved in its policy stance, a move that has widened the volatility band for 10-year bonds and triggered reactions across equity, debt, and currency markets.
Under the leadership of governor Haruhiko Kuroda, the Bank of Japan has kept its policy rate unchanged at minus 0.1 percent, a level it first reached in early 2016. This persistent negative-rate regime continues to be a focal point for global markets as investors weigh its implications for Japanese bonds and the broader risk environment.
In Europe, Madrid started the session below the psychologically important level of 8,100, following a day of declines on Wall Street where major indices closed lower. The Dow Jones slipped 0.49 percent, the S&P 500 fell 0.9 percent, and the Nasdaq declined by 1.49 percent as investors reassessed economic signals and earnings news after the previous session’s gains.
At the opening bell, most listed shares traded in the red, with daily losses led by Merlin Properties, down 1.75 percent, followed by Aena at 1.59 percent lower, Amadeus dropping 1.41 percent, Cellnex Telecom down 1.34 percent, Acerinox off 1.33 percent, Colonial slipping 1.32 percent, Indra down 1.26 percent, and Repsol retreating by 1.22 percent.
Across the broader European market, early activity was negative, with the Stoxx Europe 600 edging down about 0.8 percent as major bourses opened in the red. Frankfurt and Paris posted declines near 1 percent, while London showed a smaller step lower around 0.6 percent, reflecting cautious sentiment amid mixed data and policy speculation.
Commodity markets also traded lower. The Brent crude benchmark, a key reference for European oil markets, slipped about 0.19 percent to around $79 per barrel, and U.S. light crude, West Texas Intermediate, traded down roughly 0.2 percent near $75 per barrel as supply and demand dynamics continued to influence prices.
On the currency front, the euro traded around 1.0613 dollars, reflecting ongoing tensions and expectations around inflation, growth, and monetary policy in the euro area. The Spanish risk premium hovered near 107 basis points, while the yield on the Spanish 10-year government bond stood close to 3.37 percent, signaling a cautious stance from investors toward periphery debt amid global rate uncertainties.