On Wednesday, the US price report for October will be released, for which analysts expect, according to a Reuters poll, an increase of 0.2% monthly and 2.6% year-on-year in the general index, up from 2.4% in September, and a rise of 0.3% monthly and 3.3% in the underlying indicator (excluding fresh food and energy).
"The most important thing (this week), clearly, is to see if Wednesday's U.S. inflation rebounds (to +2.6% from +2.4%), with Underlying remaining stable at +3.3%. That would be the logical thing to do," Bankinter analysts said on their Telegram channel, noting that the latest data in Europe also show a rebound in prices.
"Trump's policy will be inflationary and that, in combination with a natural rebound (in prices), would make it inevitable that the Fed (Federal Reserve) would lower rates more slowly," they added.
The imminent return to power of the Republican leader penalized Spanish markets last week, amid fears of the impact on the European economy of a possible international trade war.
Otherwise, the coming days will bring the ZEW survey on confidence in the German economy (Tuesday), the advance of the Eurozone's GDP in the third quarter (Thursday) and US retail sales (Friday), among other macroeconomic indicators, in addition to the last strains of the corporate earnings release season.
On Monday, the figures of the telecommunications infrastructure group Cellnex were released in Spain, which showed a 6.1% increase in gross operating profit and a reduction in losses. On the stock market, the company's shares reacted with a revaluation of 1.94%.
Cellnex was one of the stocks that most contributed to the rebound of the IBEX 35, which at 0802 GMT on Monday was up 97.70 points, or 0.85%, to 11,649.30 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.78%.
In the banking sector, Santander was up 0.58%, BBVA was up 0.97%, Caixabank was up 1.02%, Sabadell gained 0.79%, Bankinter was up 1.01% and Unicaja Banco was up 1.28%.
Among the large non-financial stocks, Telefónica gained 0.31%, Inditex advanced 0.73%, Iberdrola gained 0.87%, and the oil company Repsol rose 1.00%.
(Information by Tomás Cobos; edited by Benjamín Mejías Valencia)