The market started the session higher on Tuesday, rising 0.51 percent to 9,359 points. After the Easter break, investors will be watching the Spanish Treasury, which is expected to issue between 4.5 billion and 5.5 billion euros in six- and twelve-month bonds in the upcoming auctions, along with April issuances.
In the most recent six- and twelve-month bond auction held on March 7, the Treasury sold 4.938 billion euros, rewarding investors with yields above 3 percent on both maturities. Notably, the margin reached 3.164 percent for six-month notes and 3.335 percent for twelve-month notes.
Markets will also be alert this Tuesday to the ongoing International Monetary Fund meeting and the release of macroeconomic data for the euro area, including industrial production figures.
The Madrid stock index, which had not traded for Holy Week, closed the previous Thursday up 0.62 percent, reclaiming the level above 9,300 points that had been lost at the start of March.
In early trading Tuesday, the strongest gains within the Ibex 35 were seen in ArcelorMittal (+2.82%), Grifols (+1.79%), IAG (+1.71%), Aserinox (+1.61%), a banking sector stock (+1.39%), while Naturgy traded lower by 0.77%.
Major European stock exchanges opened with gains on Tuesday: Milan up 0.91%, Paris up 0.78%, Frankfurt up 0.78%, and London up 0.68%.
At the opening of the stock market, Brent crude, the benchmark for Europe, rose 0.76% to around $84.82 a barrel, while WTI crude in Texas increased about 0.9% to roughly $80.46 a barrel.
In the foreign exchange market, the euro traded near 1.0884 against the dollar. Spain’s risk premium stood around 103.5 basis points, and the yield on Spain’s 10-year bond was approximately 3.304 percent.
The day’s activity reflects a cautious but hopeful mood as investors weigh currency moves, bond auctions, and corporate results against broader global macro signals from major institutions and the energy complex. Market participants continue to monitor policy expectations in Europe, potential shifts in energy pricing, and the evolving outlook for growth in the euro zone.
Market watchers note that the week ahead features a dense calendar, including debt auctions, central bank commentary, and inflation data that could shape sentiment. As in recent sessions, rate-sensitive sectors may lead moves if bond yields stabilize or retreat, while commodity-sensitive stocks could capture attention on oil price movements. The immediate focus remains on the balance between fiscal funding needs and monetary policy signals from European authorities, alongside the trajectory of global economic indicators and supply-demand dynamics across energy markets. (Source attribution: IMF commentary and European market briefings)