On Thursday, the session opened with a modest gain of 0.2%, keeping the selector steady at 9,192 points by 9:02 a.m. as traders waited for key corporate results, including Telefónica.
The Madrid market began the day modestly lower, having declined 0.86 percent the day before, and opened with uncertainty. Minutes from recent meetings show no agreement on the pace of rate increases, though the Federal Reserve in the United States signaled a readiness to raise rates as needed to reach a 2% inflation target. The latest policy discussions centered on the meetings held on January 31 and February 1, which continued to fuel interest in the timing and magnitude of future moves.
In the early stages of Thursday’s session, several stocks led the gains: Aena rose 0.98%, IAG gained 0.95%, Grifols advanced 0.91%, Indra added 0.56%, Enagás rose 0.51% and Colonial remained flat. On the downside, Solaria fell 3.08%, Repsol declined 0.71%, Caixabank dipped 0.48%, and Endesa slipped 0.4%.
Telefónica registered a 0.42% increase, reporting net income of 2,011 million euros in 2022, with revenue expanding across all markets where the company operates. The broader European markets showed a mixed start, with Frankfurt up around 0.3% and Paris marginally higher, while London traded lower by about 0.2%.
The Brent crude price hovered around $80 per barrel, moving up about 0.12%, serving as a benchmark for the continent, while Texas Intermediate was modestly higher at roughly $74 per barrel. Meanwhile, the euro traded near $1.0608 against the dollar, reflecting currencies’ sensitivity to policy expectations and regional economic data. The Spanish risk premium stood around 106 basis points, with the yield on the benchmark ten-year government bond near 3.576%, a reflection of ongoing risk sentiment and macroeconomic expectations. [Market data source attribution: local market desk observations and standard exchange feeds]