The Ibex-35 opened higher on Tuesday after closing its best year since 2009, against a backdrop of hopes that major central banks around the world could start easing rates this year in a major boost for consumers and companies punished by high borrowing costs.

Market attention this week will focus on a series of data that will clarify the room for maneuver for major central banks to loosen monetary policy, as well as the speed with which rate cuts could occur.

The day's highlights include the release of the manufacturing PMI in Spain, Germany, the euro zone and the United States, while on Friday the euro zone's inflation figures will be released, as well as the US job creation report.

In 2023, the Spanish selective stock market Ibex-35 accumulated an advance of 22.76%, its best year since the 29.84% rise in 2009, while in December it registered an increase of 0.43%.

At 0805 GMT on Tuesday, the Ibex-35 was up 94.30 points, or 0.93%, to 10,196.40 points.

The FTSE Eurofirst 300 index of large European stocks was up 0.50%.

In the banking sector, Santander rose 0.74%, BBVA gained 0.88%, Caixabank advanced 0.56%, Sabadell gained 1.17%, Bankinter gained 1.00%, and Unicaja Banco rose 1.18%.

Among the large non-financial stocks, Telefónica gained 0.85%, Inditex advanced 0.74%, Iberdrola gained 1.22%, Cellnex gained 0.50%, and the oil company Repsol rose 1.30%.

(Information by Benjamín Mejías Valencia; edited by Javi West Larrañaga)