The IBEX 35 opens in balance, suspended by geopolitics and results.

The IBEX 35 opened Monday’s session without major change, aligning with European markets in quiet global markets following the holidays in China, Japan, and the UK.

Investors were nevertheless attentive to the geopolitical situation, awaiting negotiations between the United States and Iran, and Washington’s plan to escort ships stationed in the Strait of Hormuz.

Donald Trump provided few details on the assistance to ships and crews ‘trapped’ in this vital maritime route, as food and other supplies dwindle.

The conflict between the United States and Israel with Iran, which has been ongoing for more than two months, has blocked the waterway and sent oil prices above $100 a barrel, amidst uncertainties about the outcome and timeline of resolving the crisis.

According to analysts at Bankinter, the current outlook reflects a technical rebound as investors digest the encouraging numbers and forecasts from Apple, as well as the US decision to raise tariffs on European cars from 15% to 25%.

‘The trend of the day is towards a rebound, with a market now accustomed to more expensive oil and a geopolitical situation in constant tension,’ analysts stated on their Telegram channel.

On the macroeconomic front, markets will monitor this week the US employment data — JOLTS on Tuesday, ADP on Wednesday, and the official report on Friday — as well as the University of Michigan consumer confidence and PMI indices for services in China and the Eurozone on Wednesday.

Investors will also pay attention to earnings reports, especially from AMD, McDonald’s, Unicredit, Philips, and BMW. In Spain, Sabadell and Unicaja will release their accounts on Tuesday, followed by Ferrovial on Thursday and IAG on Friday.

At 07:21 GMT, the flagship index of the Spanish stock market, the IBEX 35, was down 18.80 points, or 0.11%, at 17,762.20 points, while the FTSE Eurofirst 300 index of large European values ​​increased by 0.01%.

In the banking sector, Santander was down 0.15%, BBVA declined by 0.96%, Caixabank fell by 0.28%, Sabadell rose by 1.30%, Bankinter decreased by 0.18%, and Unicaja Banco remained unchanged.

Among the major non-financial companies, Telefónica was down 0.05%, Inditex was up 0.12%, Iberdrola dropped 0.58%, Cellnex decreased by 0.14%, and the oil company Repsol lost 1.84%.

(Context: The article discusses the opening of the IBEX 35 on Monday and its performance in relation to global markets and geopolitical tensions. Fact Check: The US has ongoing tensions with Iran, not Israel, in the article.)