Spanish Stock Index Edges Lower as U.S. Jobs Data Sparks Caution
The Ibex 35 began Tuesday modestly lower, slipping about 0.25 percent in early hours, with the index hovering around 8,251.85 as traders awaited the July inflation figures from the United States, slated for release midweek after a recent jobs report in the North American economy. The market still faces a fragile start to the session as investors calibrate expectations for key economic indicators that could influence monetary policy and risk appetite across global markets. Source: Market data providers
In July, the United States added a surprisingly strong 528,000 nonfarm payroll jobs, a figure that outpaced consensus estimates by a wide margin, while the unemployment rate edged down by one-tenth to 3.5 percent. Analysts noted that the payroll gain underscored continued momentum in the labor market, reinforcing bets on ongoing resilience in the U.S. economy. Such a development commonly supports expectations of gradual rate adjustments by the Federal Reserve, though traders will be watching for accompanying wage growth data and broader inflation signals. Source: Labor market reports
So after finishing Monday with a 1.28 percent decline, Madrid’s selectivity managed a cautious rebound but remained in negative territory, holding above the 8,200 level that has long served as a psychological checkpoint for traders. The narrow move captures the sense of a market leaning on external signals rather than intrinsic domestic catalysts, with investors waiting for further guidance on corporate earnings and regional economic indicators. Source: Market data providers
During the early phase of the session, several blue chips and notable names moved in mixed directions. Solaria led the list among notable declines, while IAG, CaixaBank, Santander and Sabadell posted softer sessions. Inditex also traded lower, whereas Colonial, Amadeus, Cellnex Telecom and Repsol managed modest gains. The day’s price shifts reflect the ongoing balance between global growth concerns and the resilience shown by consumer and financial shares in Europe. Source: Market data providers
Across the rest of Europe, trading opened slightly weaker in the first hours, with Frankfurt drifting around a 0.32 percent decline and Paris and London showing marginal dips near 0.1 percent. The broad mood remained cautious as investors assessed the trajectory of inflation, policy outlooks, and corporate earnings. Source: Market data providers
Commodity markets echoed the subdued tone, with Brent crude oil prices easing about 0.58 percent to around 96 dollars per barrel, reflecting modest demand signals and ongoing supply considerations. Texas Intermediate also traded lower, near 90 dollars per barrel, as energy traders weighed global demand prospects and geopolitical factors impacting markets. The euro traded near 1.0203 against the U.S. dollar, while risk premia hovered around 108 basis points and the Spanish 10-year yield hovered near 1.963 percent, areas closely watched by fixed income investors seeking signals of risk sentiment and fiscal stability. Source: Market data providers