The Ibex is looking to hold onto the 16,000-point mark.

Markets are putting aside the turmoil of previous days. The data suggests a respite, and the Ibex is trying to take advantage of the reduced pressure to consolidate its position above the 16,000-point mark. ArcelorMittal and Aena: contrasting fortunes of the day.

Yesterday's release of better-than-expected US private sector employment data and the ISM services index has eased investor sentiment. Analysts had noted that in recent weeks markets had been operating with virtually no macroeconomic data due to the economic drought caused by the prolonged US government shutdown.

Signs of resilience in the US labor market revealed yesterday help to ease economic fears, without ruling out the prospect of further interest rate cuts.

Portfolio adjustments, however, include a rise in debt yields . Stronger-than-expected US macroeconomic data has pushed the yield on its 10-year bond to nearly 4.15%. In Europe, the yield on the German Bund is trading closer to 2.70%, and the Spanish bond at 3.20%.

The New York Stock Exchange closed yesterday with gains, and these advances have continued this morning in Asian equities. Wall Street is taking a breather in futures trading ahead of today's opening session, coinciding with a slight decrease in the importance of recently released corporate earnings reports.

The Spanish stock market is trying to secure the 16,000-point level. The Ibex 35 closed above 16,000 for the eighth consecutive day yesterday. However, in seven of the previous eight trading sessions, it registered intraday lows below this threshold. Today, it aims to maintain its cushion above 16,000 points and stay close to the all-time closing high of 16,150 points.

The trickle of corporate earnings reports is diversifying today, thanks to Ibex 35 companies like ArcelorMittal, Logista, and Rovi. Steel giant ArcelorMittal has increased its profit by 19% and is looking to 2026 with optimism. This optimism is reflected in significant gains in its share price. Meanwhile, the buying pressure is spreading to the other Ibex 35 steelmaker, Acerinox .

ArcelorMittal's upward surge contrasts sharply with the correction experienced by Aena . The airport operator's shares are falling sharply on the Ibex 35 amid concerns that its rates could be frozen from 2027 to 2031, which would jeopardize its investment plan .

The results boosted Rovi 's shares, while Logista 's share price was met with a lukewarm reception. Signs of stability returned to Telefónica 's share price today, which had plummeted in the previous two sessions, while the rise in debt interest rates strengthened the share prices of banks such as Unicaja, Bankinter, and Sabadell .

European equities are drifting in anticipation of further economic data. The UK's FTSE is reacting to the Bank of England meeting with a slightly more assertive tone than other European indices, as it opens the door to a possible interest rate cut. Today's corporate earnings reports in Europe are failing to provide a significant boost, and major stock market indices are threatening to decline. The Stoxx 600 is once again testing the 570-point mark.

The avalanche of corporate earnings reports in Europe includes significant stock market declines for companies like Maersk, Air France, Legrand, Diageo, Teleperformance, Lanxess, Solvay, Commerzbank, and EDP . The more limited positive notes in today's session come from companies such as Zalando, DHL, and Helios Towers .

Trading in the currency market was relatively quiet today, despite the news from the Bank of England meeting. Interest rates remained unchanged at 4%, as expected, but four of the nine members voted in favor of a cut. The British pound consolidated its recent declines at $1.30. The euro , meanwhile, traded again near $1.15.

The greater stability of the dollar is also helping attempts at a rebound in oil prices. Brent crude is recovering from its recent declines and has briefly reached the $64 mark.

The rally has reached gold . The precious metal has reached intraday highs, once again surpassing the $4,000 per ounce mark.

Bitcoin is striving to replicate gold's rebound. The largest cryptocurrency has at least managed to stabilize just above the $100,000 mark, while maintaining its correlation with the dollar .