On Monday, the market began with modest gains as the Ibex 35 rose, inching higher by about 0.36 percent and nudging the psychological level near 9,400 before landing at 9,405.9 amid a day heavy with earnings reports and regional geopolitical tensions. Traders watched closely as corporate results rolled in and global headlines shifted attention toward risk and resilience in equity markets.
Market participants awaited remarks from European Central Bank Vice President Luis de Guindos, whose commentary in Germany was anticipated to shape sentiment across European trading sessions. Investors sought clarity on monetary policy pathways as the central bank balances inflation against growth concerns in the euro area.
Looking ahead, the week is set to deliver a flood of data: GDP growth, inflation readings, and employment figures across the European Union, with October inflation final releases due from the major economies. Consumer confidence gauges, including theZEW survey, were also in focus as investors weighed the health of the European economy against external risk factors.
Across the Atlantic, October inflation data in the United States and retail sales figures were on the calendar, alongside ongoing analysis of energy markets. Monthly updates from OPEC+ and the International Energy Agency continued to influence energy prices, while stock markets around the world absorbed supply and demand signals from global commodity and energy streams.
At the opening bell, leadership in the Ibex 35 was led by Grifols with a solid gain of around 1.6 percent, followed by ACS at roughly 1.32 percent and Indra near 1.26 percent. Amadeus climbed about 1.23 percent, while Iberdrola traded with a modest rise of around 0.86 percent showing among the leaders. Not far behind, Cellnex and Enagás moved lower, compressing gains as investors rotated into cautious stance amid policy and earnings news.
European indices opened in positive territory earlier in the session, with Milan up about 0.63 percent, Paris up 0.42 percent, London gaining around 0.40 percent, and Frankfurt edging higher by roughly 0.35 percent as sentiment improved in early trading.
In commodity markets, Brent crude traded at the start of the session around the higher end of the previous week’s range, with the U.S. benchmark showing a downward drift near 0.9 percent. WTI, the U.S. gauge, also trended lower, weaving through a similar pattern as market participants assessed supply constraints and demand outlooks for the quarter ahead.
On the currency front, the euro traded near the 1.0690 level against the dollar, reflecting a carefully balanced stance among traders as concerns about growth, inflation, and political developments in Europe persisted. Spain’s risk premium hovered around the mid-100 basis points range, while the yield on the 10-year Spanish government bond rested in a range that reflected current risk and inflation expectations.