Ibex started the first session of 35 weeks with almost no change, edging up by a mere 0.04 percent. The early mover kept the index near 9,940 points as traders pressed ahead in a day that lacked a host of major macroeconomic updates to drive decisive moves.
On a corporate front, Ezentis shares are poised to rejoin the stock market this Monday after more than a year of trading suspension. The revival comes as the company readies for renewed market participation and investor attention following the pause in trading activity.
Grifols issued a formal complaint in the United States District Court for the Southern District of New York after the market closed on Friday. The action targets Gotham City Research and involves Daniel Yu, the founder and manager of General Industrial Partners, along with Cyrus de Weck and the entities funded by their group. The plaintiffs seek compensation for both financial and reputational damages alleged to have been caused by published reports that questioned the company’s accounting practices and solvency, affecting the interests of shareholders and other stakeholders involved in the business network.
Market participants also kept a close eye on commentary from European Central Bank Vice President Luis de Guindos, whose statements can influence expectations across European equities and bond markets.
In the opening trades of this Monday, the Iberian market saw some notable gains. Repsol led the advance with about a 1.9 percent increase, followed by Grifols at roughly 1.05 percent, Acerinox around 0.61 percent, Enagás near 0.6 percent, and CaixaBank advancing about 0.47 percent. Conversely, weaker performances were recorded by IAG around 1.55 percent, Fluidra near 1.08 percent, Cellnex about 0.78 percent, Acciona roughly 0.78 percent, and Solaria approximately 0.74 percent lower, painting a mixed early picture across the major names.
Across Europe, stock markets opened with mixed results: Frankfurt and Milan slipped by 0.21 percent and 0.07 percent respectively, while Paris and London posted modest gains of 0.08 percent in both cases, signaling divergent regional sentiment as traders digest earnings and macro cues.
Brent crude, the benchmark for European energy benchmarks, moved higher in early trade, with the US index and other continental benchmarks showing renewed strength. The oil market tracked external factors and equity dynamics as investors weighed supply considerations and demand momentum, with Brent hovering near elevated levels as the session began. In currency markets, the euro appreciated modestly against the dollar, with the exchange rate approaching 1.0849, while debt yields moved higher on the Spanish 10-year benchmark, touching around 3.156 percent, reflecting ongoing risk sentiment and expectations for fiscal policy in the region.