On Wednesday, the market opened with a modest gain, as traders watched closely after the Federal Reserve chair Jerome Powell delivered remarks in Washington. The message helped lift sentiment and encouraged buyers to push the benchmark around the 9,200 level, signaling renewed confidence among investors in the short term.
In Madrid, the main index opened higher, with the parquet rising to the 9,223 mark. Traders anticipated fresh macroeconomic data and a stream of corporate earnings that could shape the direction of European equities in the hours ahead.
At the outset of the session, most equities posted gains. The notable exceptions were ArcelorMittal, which slipped about 0.5 percent, and BBVA, which also lost ground after news related to Turkey’s largest lender due to the country’s earthquake aftermath. The broad market environment suggested a cautious but constructive mood, with investors weighing global risk factors alongside domestic fundamentals.
The top performers in early trading included Fluidra, which jumped about 2.1 percent, followed by Cellnex up around 1.87 percent, Grifols with a 1.84 percent advance, Acciona at roughly 1.25 percent, Santander gaining about 1.21 percent, and Response, which rose just over 1 percent. These moves underscored a selectively positive tone across key sectors as funds rotated into names with favorable recent momentum and clearer earnings visibility.
Across Europe, the morning session followed suit with gains across major markets. Frankfurt, Paris, and Milan advanced around 0.7 percent, while London edged up roughly 0.6 percent. The synchronized start hinted at investor appetite for exposed cyclicals and defensive plays alike, depending on evolving macro signals and corporate results on the horizon.
From a commodity perspective, Brent crude, a benchmark for European energy markets, traded near $84.17 per barrel at the open, up about 0.6 percent. In the U.S. market, WTI crude was seen around $77.70, up roughly 0.7 percent, reflecting a broader trend of supportive energy prices as traders monitor supply dynamics and geopolitical factors. Market participants continued to digest inventories, production signals, and demand outlooks amid ongoing negotiations and policy expectations.
Meanwhile, currency markets showed the euro hovering around $1.07 against the dollar as investors weighed euro area risk factors and potential policy developments. The Spanish 10-year government bond carried a yield near 3.359 percent, with a sovereign risk premium around 101 basis points, highlighting the continued focus on European credit conditions. Overall, the opening environment suggested a balanced mix of risk and opportunity as traders positioned for the day ahead, mindful of how macro data releases and corporate commentary could recalibrate expectations in the near term.