The Ibex 35 opened the session largely unchanged this Tuesday, slipping by a touch before turning. Investors awaited the final November inflation figures for the euro area, keeping the index near 10,054.1 points at the outset.
After a brief lull, the Spanish market reversed course and climbed to a fresh intraday high close to 10,072.3 points, edging up about 0.2 percent as the morning progressed.
The Bank of Japan kept rates steady in its latest policy decision, adding a global dimension to a trading day that already faced the last major monetary policy meeting of the year in Europe. Active attention was also directed toward policy makers from the European Central Bank, including speeches by Andrea Enria and Frank Elderson, as their commentary offered cues for the next moves in the euro area.
In the early moments of trading, the market saw notable declines in several blue chips, with ArcelorMittal, Repsol, IAG, Banco Santander and Unicaja Banco among the worst performers. Conversely, a handful of stocks outpaced the broader market, led by Grifols, which posted a gain, followed by Rovi, Endesa and Iberdrola as buyers stepped in and supported the breadth of gains across the index.
Around 9:10 a.m., Grifols briefly surged more than 1 percent to trade at 14.03 euros per share after news emerged about a leadership change. The executive board member announced his resignation after nearly four decades of service, while the company confirmed that he would remain as honorary chairman, keeping a familiar face at the helm in an official capacity.
Across Europe, positive openings were observed in major equity markets. Milan registered a modest advance, Frankfurt posted a small uptick, and Paris alongside London opened slightly higher, signaling a cautious but constructive mood as the day began.
In commodity markets, the Brent crude benchmark fell slightly, trading near 77.92 dollars per barrel, while Texas Intermediate dipped to around 72.63 dollars per barrel, reflecting a mixed energy landscape as traders weighed supply dynamics and demand expectations for the near term.
In the foreign exchange market the euro hovered around 1.0938 against the dollar. Spain’s risk premium held near 96.9 basis points, and the yield on the Spanish 10-year bond stood close to 3.009 percent as traders evaluated the macro backdrop shaped by inflation data and central bank communications.