European stock markets opened higher as investors awaited oil prices and debt‑interest developments, alongside the start of corporate earnings season. The Spanish IBEX 35 led the gains, climbing above 19,200 points in a semi‑festive session.
The macro agenda for the day leaves little room for a market breather. Eurozone CPI data precedes the US employment report, which will influence the Fed’s upcoming meeting. A temporary easing of debt and oil price pressures reduces bearish pressure on the market, and the IBEX 35 is attempting to protect the 19,000-point threshold.
European investors increased buying ahead of the US Federal Reserve decision, boosting the IBEX 35 by 0.41% to finish the session at 19,635.80 points after a series of declines in previous sessions.
September started with doubts in the markets. Eurozone inflation rose to 3.3%, oil prices stayed above $90, and expectations of further rate hikes pushed debt interest higher. The IBEX 35 deepened its decline after losing the 20,000-point barrier at yesterday’s close, with Cellnex and Amadeus acting as a brake.
European stock markets opened mixed, with the Spanish IBEX 35 edging up towards the 20,000-point level it fell from a week ago, amid the backdrop of the Jackson Hole meeting and Nvidia results.
The week began with markets driven by a plunge in oil prices. Attention then shifted to the technology sector, especially the correction affecting the most speculative AI‑related investments. South Korea’s KOSPI fell 10%, while the IBEX 35 managed to withstand these pressures and remain close to its record highs.
The Spanish Ibex 35 index recovered to 18,276 points with a 0.55% gain, driven by major holdings Santander and Inditex. European markets benefited from lower oil prices despite broader tech sector weakness from Broadcom’s disappointing results.