Ibex 35 opened the day little changed, edging up a mere 0.06% and keeping the index ahead as markets opened on Tuesday. Traders were awaiting the release of US CPI data at 9:01 a.m. and the latest signal from the Federal Reserve about the path of interest rates.
The session also brought confirmation from Destatis, the German statistical office, that the consumer price index in Germany rose 10 percent in November. That figure marks a four‑tenths slowdown from October’s annual increase, with a similar trend noted for September as well.
Investors were watching for the ZEW German Investor Confidence Index and a slate of additional economic indicators that could shape expectations for policy and growth.
Madrid’s market initially held around the 8,200 level after a positive close on Monday, when Wall Street concluded higher with gains across major indices: Dow Jones rose about 1.58%, the S&P 500 gained around 1.43%, and the Nasdaq added roughly 1.26%.
At the opening of trading, the laggards included Telefónica down 4.38%, IAG off 1.1%, Ferrovial down 0.55%, Endesa down 0.44%, Red Eléctrica down 0.44%, and Iberdrola down around 0.41%. Among the leaders, Meliá Hotels climbed about 1.53%, Aena rose 1.25%, Repsol gained 0.66%, ArcelorMittal added 0.65%, and Amadeus advanced 0.41%.
The broader European stock markets opened mixed: Frankfurt edged higher by about 0.15%, Paris up roughly 0.1%, while London slipped about 0.2% as trading began.
Oil prices turned higher for European buyers, with the Brent crude benchmark climbing roughly 1.15% to around $78 a barrel, and Texas crude rising about 1.22% to roughly $74 per barrel.
Meanwhile, the euro traded near $1.0554 against the US dollar, Spain’s risk premium remained around 101 basis points, and the yield on the 10-year Spanish government bond hovered near 2.97% as investors digested the day’s data and the evolving macro backdrop (economic data agencies and market sources).