The IBEX 35 began Tuesday trading with gains around 1.1 percent, lifting the benchmark index to the 7,540 area after a rebound on Wall Street. U.S. equities closed the session firmly higher, with the Dow Jones Industrial Average up 2.66 percent, the S&P 500 gaining 2.59 percent, and the Nasdaq Composite advancing 2.27 percent. The positive momentum on Wall Street helped set a constructive tone for Madrid as traders eyed inflation data and central bank signals ahead of policy decisions.
In Madrid, the market hovered above the psychological 7,500 level as trading got underway. The majority of stocks moved in positive territory, with notable advances from Grifols up about 3.75 percent, Sabadell around 2.31 percent higher, ArcelorMittal up near 2 percent, Santander adding roughly 1.56 percent, Repsol climbing about 1.17 percent, and Amadeus advancing around 1.3 percent. The broad sector tone suggested a cautious optimism among investors following recent macro indicators and corporate updates.
Across Western Europe, major indices opened in the green as well. Frankfurt and Paris posted gains exceeding 1 percent, while London showed an improvement near 0.7 percent, underscoring a synchronized regional pause from volatility while awaiting further guidance on economic policy and energy markets.
Oil markets also drew attention as Brent crude, the European benchmark, traded higher by roughly 0.91 percent around the $89 per barrel mark. West Texas Intermediate, the U.S. benchmark, rose about 0.78 percent to near $84. Traders anticipated the outcome of the upcoming OPEC plus meeting, with potential production adjustments on the table as producers monitor global demand conditions and inventory levels.
From the currency front, the euro moved around the $0.9886 mark against the U.S. dollar. The Spanish risk premium stood at about 115 basis points, while the yield on the benchmark 10-year Spanish bond hovered around 3.023 percent, reflecting ongoing assessments of economic stability and fiscal outlook by regional investors.
Market participants continued to parse incoming data and central bank signals as they position portfolios for the near term. The combination of stronger U.S. equity performance, a resilient energy complex, and modest shifts in European rates helped sustain a sense of cautious optimism across major trading floors today. Investors remained attentive to inflation trajectories, growth indicators, and the path of monetary policy as they balance risk and opportunity in a volatile global environment.
Overall, the session highlighted a broad-based move higher across leading markets, underpinned by a solid carryover from American markets, a stable energy backdrop, and ongoing concerns about the pace of rate normalization in Europe. Traders and analysts will be watching forthcoming data releases and policy speak for signs of how this mix could evolve through the week and into the next reporting cycle.