Ibex 35 began the session on Friday on a cautious note after yesterday’s close at 9,450.9 points. The index dipped 0.21 percent, settling near 9,430 points as investors digested a full slate of company earnings and macro signals. Newsflow this week has kept traders focused on results across sectors, and markets are navigating a landscape shaped by strong corporate reports alongside ongoing concerns about global growth.
Market participants are awaiting the release of Purchasing Managers’ Index data for both the eurozone and the United States. These readings will appear in the Economy and Society section and are expected to influence sentiment in the near term. In addition, the ECB Vice-President Luis de Guindos is scheduled to speak in a session titled Perspectives for the euro area economy in an environment of uncertainty, an event organized by the President of the La Caixa Foundation. The focus of the dialogue is how inflation, supply chains and demand interact in a fragile growth environment.
Guindos is also slated to participate in the afternoon presentation of the Madrid College of Economists annual review Spain 2022. A Balance, a report that reflects on the year’s economic developments and policy implications for the coming period. The participation underscores the close ties between policy analysis, market performance and the financial industry.
Entering the opening bell this Friday, the Ibex 35 showed mixed movement across its constituent names. Among the most notable gainers were Logista advancing about 1.34 percent, Enagás up roughly 0.33 percent, Acciona adding around 0.29 percent and Naturgy lifting about 0.28 percent.
In contrast, several heavyweight names pulled back, with ArcelorMittal down about 1.61 percent, BBVA slipping 0.94 percent, CaixaBank down 0.82 percent and Santander seeing a decline of around 0.78 percent. Across the broader European equities, the mood at the opening was divided: Milan posted a fractional gain close to 0.1 percent, while Frankfurt slipped about 0.07 percent and Paris and London each fell by roughly 0.12 percent.
Oil markets showed a retreat at the start of the session. Brent crude, the European benchmark, traded down about 0.68 percent at around 80.55 dollars per barrel, reflecting ongoing concerns about demand and global supply dynamics. In the United States, Texas intermediate also declined, sliding roughly 0.7 percent to about 76.82 dollars per barrel.
On the currency front, the euro stood near 1.0944 against the dollar, reflecting ongoing exchange rate dynamics as traders weigh expectations for rate paths and economic resilience in the euro area. In the Spanish debt market, the yield on the 10-year government bond hovered around 3.458 percent, a level that underscores the country’s borrowing costs in a period of heightened macro uncertainty.
Overall, traders balanced company results with macro indicators and policy risk. The day’s price action illustrated how sector leaders can lift a market even when stances among major banks show divergence, while energy prices and currency movements added another layer of complexity to the intraday narrative. Investors will monitor subsequent earnings reports and regional inflation signals to determine whether the recent patterns persist or if new momentum develops as the global economic picture evolves.