After three days in positive territory, the Spanish stock index IBEX 35 opened Tuesday without a clear trend, in a waiting period, awaiting news from the US technology company Nvidia and comments from the leaders of the US Federal Reserve (Fed).

The Spanish selective experienced a fall of approximately 600 points (close to 5%) between October 16 and November 13, initially due to expectations and subsequently due to the confirmation of Donald Trump's electoral victory in the United States. Investors fear that Trump's policies could hurt Europe and hinder further interest rate easing by increasing inflation and the public deficit.

Nevertheless, in the last three sessions, the IBEX has recovered half of the ground lost during that period. However, uncertainty on several fronts - such as the outlook for interest rates in the United States and Europe, the possibility of a trade war with the arrival of Trump or the escalation of the conflict between Russia and Ukraine - keeps the market cautious.

This week, investors will be keeping an eye on the speeches of several Fed leaders, as well as Nvidia's quarterly report.

Bankinter analysts point out in their Telegram channel: "we continue to wait for Nvidia, although with a market more willing to bet on stabilization and some rebound".

At 0802 GMT on Tuesday, Spain's selective IBEX 35 stock market index was down 5.80 points, or 0.05%, to 11,669.00 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.25%.

In the banking sector, Santander rose 0.26%, BBVA gained 0.11%, Caixabank gave up 2.11%, Sabadell gained 0.38%, Bankinter lost 0.66%, and Unicaja Banco lost 0.24%.

Among the large non-financial stocks, Telefónica gained 0.23%, Inditex gave up 0.43%, Iberdrola gained 0.19%, Cellnex gained 0.45%, and the oil company Repsol lost 0.59%.

(Information by Tomás Cobos; edited by Benjamín Mejías Valencia)