The main indicator for the Spanish market opened the session lower on Tuesday, slipping 0.59%. That move left the Ibex 35 hovering around 10,149.2 points as traders waited for key developments tied to Grifols after a Gotham City Research report surfaced yesterday, signaling potential concerns about the company.
In Spain, the public treasury aimed to raise between 4.5 and 5.5 billion euros through the upcoming sale of 6- and 12-month bonds scheduled for Tuesday, keeping markets alert to the refinancing calendar and fiscal stance amid evolving liquidity conditions.
Under the Spanish corporate umbrella, investors kept a close eye on Grifols amid the Gotham City Investigative report revealing plans to publish a detailed assessment of the firm’s leverage and debt profile later in the day. The narrative suggested that social media chatter and equity movements could react to fresh information about the company’s financial structure.
Meanwhile, the employment picture in the tech and telecommunications space was brewing. Telefónica announced it would start a period of employee adjustments under the Employment Regulation Files (ERE). The plan, affecting thousands of workers across its main Spanish subsidiaries, was set to begin on Tuesday, January 9 and run through February 8, aligning with the agreements reached with unions last week.
Early in the trading session, the steepest drop among the Ibex 35 members came from Repsol, which fell 2.36%. On the other hand, some companies still finished higher or with modest losses: Amadeus gained 0.69%, Indra rose 0.49%, Inditex added 0.45%, and Sacyr edged up 0.42% assisted by a favorable ex-dividend effect. Grifols, however, did not set a closing price.
Major European stock markets opened with mixed results on Tuesday. Frankfurt edged down 0.02%, while London, Paris and Milan advanced by 0.19%, 0.09% and 0.06% respectively, reflecting a cautious tone as investors weighed corporate updates and regional economic signals.
At the start of trading, the price of Brent crude, the benchmark for Europe, rose by about 0.42% to around $76.44 per barrel. In U.S. markets, Texas Intermediate posted a roughly 0.28% gain to about $70.97 per barrel, signaling modest optimism about energy supply dynamics.
From the currency desk, the euro traded near 1.0957 against the dollar, while the yield on the 10-year sovereign bond in the debt market climbed to roughly 3.154%, reflecting ongoing risk sentiment and inflation expectations around the region.