The Ibex 35 opened this Monday, the first session of the week, down by 0.07% to 10,590.5 points as investors awaited the eurozone February final consumer price index data. The day would later see the Madrid index rebound, briefly crossing the 10,600 mark to reach its highest level since 2018, up 0.05% at the turn of the session.
In macroeconomic news, Spain is due to publish January’s trade balance, along with the euro area figures, during the day. Across the Atlantic, the week also holds the Federal Reserve’s policy decision in the United States. Markets expect no rate changes for a fifth straight meeting, though traders will be scanning for signs about the timing of eventual rate cuts.
Beneath the corporate umbrella, Aedas Homes’ board approved a gross dividend of 2.25 euros per share for the current year, with results ending on March 31 and a total payout of 97 million euros to be distributed to shareholders on March 26. Meanwhile, the media group MFE-MediaForEurope (MFE) highlighted its expectation to finish 2023 with annual profits above 217 million euros, compared with the prior year.
At the start of trading, the top performers in the Ibex 35 were Acciona with a 0.49% rise, Bankinter up 0.46%, Solaria up 0.45%, and Indra up 0.43%. The laggards, by contrast, were Banco Sabadell down 0.83% and Acciona Energía down 0.59%.
European stock exchanges opened the day in positive territory, with gains of 0.29% in Frankfurt, 0.17% in Milan, 0.14% in Paris, and 0.05% in London.
In the commodities market, the Brent crude oil price, a benchmark for Europe, rose 0.6% to 85.85 dollars a barrel, while Texas Intermediate stood at 81.12 dollars, up 0.67% on the day.
On the foreign exchange market, the euro advanced to 1.0896 dollars, while the yield on Spain’s 10-year government bond climbed to 3.229%.