The Ibex 35 began Friday with a 0.41 percent slide, leaving the Madrid benchmark at 11,563 points as of 9:00 a.m. local time. Wall Street would reopen after the Thanksgiving holiday, albeit for a shortened half session, shaping a cautious tone for European traders.
Investors were also keeping a close eye on the eurozone’s November consumer price data, which would offer clues about inflation trends across the currency bloc, according to Reuters.
In corporate Spain, Repsol sealed an agreement to sell its Colombia gas and oil assets to GeoPark for a total of 530 million dollars, roughly 500.7 million euros, a move framed as part of a broader portfolio reshaping by the energy group.
CaixaBank has completed 15.83 percent of its share repurchase in the second week of its new program, with a maximum size set at 500 million euros. At the same time Mapfre is set to pay roughly 200.1 million euros in the first dividend drawn from 2024 results, at 0.065 euros per share.
In the early session, the Ibex 35’s best performers were Naturgy up 0.52 percent, ArcelorMittal up 0.38 percent, Enagás up 0.23 percent, and IAG up 0.03 percent. On the flip side, the laggards included Unicaja Banco down 1.91 percent, Fluidra down 1.68 percent due to ex-dividend timing, and Banco Sabadell down 1.26 percent.
Across Europe, markets opened with a mixed tone. London added 0.03 percent, while Milan, Paris and Frankfurt declined by 0.25 percent, 0.17 percent, and 0.04 percent respectively.
At the start of trading, Brent crude, the European benchmark, fell 0.51 percent to 72.41 dollars per barrel, while U.S. WTI was around 68.69 dollars, down 0.04 percent.
In the currency markets, the euro traded around 1.0572 dollars, and the yield on Spain’s 10-year government bond rose to about 2.831 percent, signaling cautious risk sentiment as inflation data looms.
As markets digest a light trading schedule tied to the Thanksgiving holiday and await key inflation figures, traders assess how these signals could influence rate expectations and sector leadership in the near term.