Ibex 35 opened the session with a modest 0.2% gain, nudging selectivity up to 9,509 points and keeping the index near the 9,500 mark after a strong close the previous day. The market mood remains constructive as investors size up the latest economic signals and corporate earnings timeline.
Market participants are eyeing key macro data ahead, including Spain’s retail sales, Germany’s GfK consumer climate index, and the US consumer confidence report. These releases are expected to influence short-term directions and sector rotations across Europe and America.
Analysts anticipate the preliminary inflation readings for Spain and Germany to be published tomorrow, with France, Italy, and the broader euro area set to disclose inflation data on Thursday. The inflation figures will provide further clues on price pressures and central bank policy paths in the region.
Following a positive close on Wall Street yesterday and solid gains across Asian markets today, including a notable 2% rise in Hong Kong’s Hang Seng, European markets opened higher and began to position for the session ahead. The positive global backdrop supported risk appetite and helped veteran indices steady after earlier volatility.
At the opening, major European bourses showed resilience. London advanced about 1.1% on the first trading day after a holiday, while Paris, Frankfurt, and Milan posted gains slightly above 0.3%. The morning session signaled broad participation across sectors, with some stocks leading the move and others lagging as the day unfolded.
In early trading, Solaria topped the Ibex 35 with a jump of 6.35%, followed by Colonial (+2.88%), Santander (+2.00%), Acciona (+1.76%), and Amadeus (+1.39%). On the downside, Grifols slipped about 1.04%, Fluidra fell 0.64%, Indra moved down 0.54%, and Logista slipped 0.32% as investors weighed company-specific news against broader market momentum.
The day’s session metrics showed Brent crude priced near recent ranges, while the US stock benchmark for Europe posted a small retreat of around 0.2% to $83.70 per barrel. Texas Intermediate likewise traded roughly 0.2% lower around $79.92, reflecting a cautious tone as traders monitor supply dynamics and geopolitical headlines.
Meanwhile, the euro extended a soft turn against the dollar, hovering near 1.0812 in the foreign exchange markets. The yield on the Spanish 10-year bond in the debt market edged higher to around 3.55%, reflecting a cautious appetite for fixed income amid evolving growth and inflation expectations across the euro area.
Overall, market participants remain attentive to the interplay between real economy data and central bank communications. The coming days should reveal how inflation readings influence rate expectations, while corporate earnings continue to shape sector performance and market leadership. With volatility hovering at modest levels, traders are looking for clearer signals on domestic demand, consumer sentiment, and the trajectory of price pressures that will inform investment allocations in the weeks ahead.