Ibex 35 began this Wednesday trading with a modest uplift, adding 0.64 percent and sustaining the index near 8,122.45 points as markets opened at 9:01 am amid anticipation of the Federal Reserve meeting and a broad wave of corporate earnings from the United States. The session started with a sense of resilience after yesterday’s slight retreat, and the Madrid Stock Exchange moved above the key 8,100 mark, with most shares showing gains in the early moves.
In the opening moments of the session, the biggest declines were led by Aena, which slipped 3.71 percent, followed by Telefónica down 0.56 percent, Cellnex Telecom 0.47 percent weaker, and Acerinox with a 0.25 percent drop. On the opposite side, the list of leaders included Meliá Hotels International up 2.14 percent, Iberdrola rising 1.89 percent, Endesa advancing 1.59 percent, Sabadell gaining 1.41 percent, Colonial up 1.36 percent, and Santander adding 1.25 percent.
Across the rest of Europe, equities began the session with a positive tone. Paris moved sideways with a slight tilt higher, while Frankfurt and London posted gains around 0.4 percent as trading kicked off. These movements reflect an environment of cautious optimism as traders digest corporate reports and the global macro backdrop.
In the commodity space, Brent crude traded near the $99 per barrel level, marking a 0.46 percent rise for the benchmark in European trade. Meanwhile, U.S. WTI crude pushed higher by about 0.84 percent to around $95 per barrel, signaling continued strength in energy markets amid ongoing supply and demand dynamics.
The currency markets showed the euro trading around parity versus the dollar, with the exchange rate anchored near 1.0141 dollars per euro, illustrating a relatively stable euro area currency backdrop even as market focus remains highly concentrated on the policy outlook from the Federal Reserve and the health of the global economy.
Looking ahead, investors will be watching how the Fed policy meeting outcomes may influence rate expectations and market volatility. The day’s price action suggests a cautious but constructive tone in equity markets, with fundamental company results and macro developments shaping the path for the coming sessions. Traders in Canada and the United States are likewise monitoring similar cues as global markets respond to central bank signals and earnings prints, while seeking opportunities across sectors such as utilities, financials, and travel hospitality stocks that have shown resilience in early trading. Investors are encouraged to balance risk by assessing valuations, liquidity, and the potential impact of any shifts in monetary policy on earnings guidance and economic momentum.