On the first Monday of October, the Ibex 35 faced a modest pullback, with a 0.22% decline holding the day’s momentum steady. The index settled around 9,448.4 points after closing September at 9,428 points, signaling a calm start to the period ahead.
Investors are watching closely as government funding dynamics in the United States remain a focal point. The market narrative today also centers on forthcoming releases of European and U.S. manufacturing PMIs, which are expected to shed light on the health of the global manufacturing sector amid ongoing policy discussions.
Market participants anticipate commentary from policymakers including figures from the European Central Bank and the U.S. Federal Reserve. In particular, attention is on potential guidance from ECB policymakers and remarks from Fed officials, including its chair, as they weigh the path for interest rates and economic support measures.
This week looms as a transition period with notable firsts: services PMI figures in Europe arrive midweek, Australia’s interest rate decision is due, and the United States will release its employment data toward week’s end, all of which could steer risk sentiment and sector rotation.
In early trading, notable gains for the Ibex 35 were led by Solaria, up over 4.5%, followed by Aena and Naturgy with increases around 1.8% and 0.9% respectively. Conversely, several laggards appeared at the bottom of the index, including Cellnex and Telefónica, which closed lower on the session.
Across Europe, the opening session presented a mixed tone: London edged down slightly, while Paris, Milan, and Frankfurt registered modest gains of about 0.3%, 0.2%, and 0.2% respectively. In Asia, markets in Hong Kong and mainland China were closed for National Holidays, keeping regional activity lighter than usual.
At the start of trading, Brent crude settled higher, hovering near $92.56 per barrel, marking a modest uptick for Europe’s oil benchmark. In contrast, Texas light crude also advanced, trading near $91.20 per barrel, underscoring a broadly supportive commodity backdrop for energy-sensitive equities.
In the currency market, the euro traded around the 1.0587 level against the U.S. dollar. Spain’s sovereign risk premium stood near 107.7 basis points, while the eurozone’s 10-year bond yielded roughly 3.94%, reflecting ongoing risk and yield dynamics that influence European financial assets. (Source: Market Data Summary)