Feb 5 (Reuters) - Spain's main stock index opened the week with no clear bias, as markets make guesses on the start of U.S. Federal Reserve rate cuts following Friday's jobs report.

Last week's US job creation report, whose positive figures surprised investors, reinforced both the idea of the US economy's resilience and the central bank's caution to begin rate cuts, while Fed Chairman Jerome Powell himself rejected a rate cut in March.

"The probability of a rate cut in March, which after Powell's remarks had already moderated significantly, now stands at only 19%, while the market moderates the number of expected rate cuts in 2024 to 5 vs. 6 previously," wrote Renta 4 analysts in a note to clients.

"This morning, IRRs continue to rise (+5 bps) following Powell's TV interview yesterday, Sunday, in which he warned of the risk of cutting rates too soon as the job of controlling inflation is not yet fully done," they added.

At 0817 GMT on Monday, Spain's selective Ibex-35 stock market index was up 2.40 points, or 0.02%, to 10,064.90 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.19%.

In the banking sector, Santander led the losses with 2.44%, BBVA gained 0.25%, Caixabank advanced 0.31%, Sabadell gained 1.54%, Bankinter gained 1.17%, and Unicaja Banco rose 1.07%.

Among the large non-financial stocks, Telefónica gained 0.38%, Iberdrola rose 0.54%, Cellnex fell 0.37% and the oil company Repsol lost 0.30%.

(Information by José Muñoz; edited by Benjamín Mejías Valencia)