The Ibex 35 opened the trading week with a modest retreat, sliding 0.67 percent and slipping below the 8,300 threshold as momentum cooled at the start of Monday. The Madrid benchmark began the session around 8,282 points after closing Friday just above 8,330, reflecting a cautious mood among investors as the market absorbed prior gains and awaited fresh cues from global economic policy and corporate earnings.
Investors are watching with interest as the People’s Bank of China signals a potential move to ease the borrowing landscape, with hopes that a lower reference rate on loans could spur domestic activity. Market participants expect new macroeconomic data to shed light on China’s growth trajectory, while the German Bundesbank’s monthly report is due to provide the next layer of guidance for European monetary policy and financial conditions.
The major European equity markets opened Monday trading lower as well. Frankfurt slipped around 0.9 percent, Paris dipped roughly 0.8 percent, and London eased by about 0.4 percent, underscoring a broad risk-off mood across the continent as traders digest evolving macro signals and corporate results.
Within the Ibex 35, early trade showed a mixed bag of moves. Siemens Gamesa stood out with a small gain of around 0.1 percent, a rare bright spot in an otherwise softer session. On the downside, the day’s steepest declines were registered by Sacyr, down about 1.6 percent, followed by Ferrovial with a 1.5 percent drop. Sabadell and IAG each fell roughly 1.4 percent, while DuroW (DHW) posted a 1.3 percent decrease as investors weighed earnings and guidance against the broader risk environment.
As trading unfolded across Europe, oil markets showed additional pressure from shifting demand expectations. The price of Brent crude, a global benchmark, eased about 1.6 percent to near 95 dollars per barrel, reflecting concerns about supply and demand dynamics as markets remain sensitive to policy chatter and global growth indicators. In parallel, U.S. light crude traded around the mid-80s, with Texas Intermediate delivering a similar modest retreat, near 88 dollars per barrel after a roughly 1.8 percent slide from recent levels.
On the currency front, the euro paused near a pivotal level against the dollar, trading just above 1.00 in some sessions as traders weighed divergent inflation and growth narratives across the euro area. In the debt market, the yield on Spain’s 10-year government bond moved above the 2.34 percent mark, reflecting fresh demand from investors seeking carry amid evolving expectations for monetary policy and fiscal sustainability across southern Europe.