The Spanish stock index Ibex-35 showed a moderate rebound at the opening on Tuesday, with the recovery of some economic optimism about China and the easing of tensions in Russia, in a day of attention to data from the United States and possible monetary clues from the European Central Bank.

With the turmoil over the apparent uprising by the Wagner mercenary group in Russia over the weekend having passed, markets are back to focusing on central banks' fight against inflation, against the backdrop of the threat of recession.

In this regard, the session will see several data releases that could offer further clues on the future of US interest rates, most notably durable goods (1230 GMT) and Conference Board consumer confidence (1400 GMT).

The current forecast in the money markets is for the US Federal Reserve to raise rates by 25 basis points in July, although there is no clarity on what will come after that, so successive indicators will clarify the monetary horizon.

On the other hand, attention will also be focused on the central banking forum being held in the Portuguese town of Sintra, and comments are expected from the ECB president during the day, following her recent statements in favor of continuing to raise rates.

"Today, Tuesday, Christine Lagarde, president of the ECB, will appear again at the Central Bankers Forum in Sintra, although it will not be until tomorrow, Wednesday, when we could have greater movement in equities, since Lagarde (ECB), Powell (Fed), Bailey (BoE) and Ueda (BoJ), the four main central banks, will speak," noted Diego Morín, from IG.

The markets welcomed with optimism the statements made by the Chinese Prime Minister, Li Qiang, who said that his government expects China's economic growth in the second quarter to be higher than in the first quarter and that the annual economic growth target of around 5% will be reached.

Thus, at 07:05 GMT on Tuesday, the selective Spanish stock market Ibex-35 was up 48.30 points, or 0.52%, to 9,322.30 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.37%.

The generalized increases in the banking sector pushed the index upwards: Santander rose by 1.48%, Caixabank advanced by 2.48%, Sabadell gained 0.99%, Bankinter gained 1.35%, and Unicaja Banco rose by 1.15%.

BBVA was the exception and fell 0.24%, at a time when the Turkish lira hit a new historic low, after several of the country's monetary officials said that its central bank has stopped using its reserves to support the currency.

Among the large non-financial stocks, Telefónica gained 0.41%, Inditex advanced 0.15%, Iberdrola gained 0.17%, Cellnex gained 0.14% and the oil company Repsol rose 0.84%.

(Information by Darío Fernández; edited by Tomás Cobos).