Spain's IBEX 35 stock index was heading for its biggest weekly advance in a month on Friday, helped by some easing in the Middle East, with the market's attention on macroeconomic figures and their impact on central banks.

After a start to the week marked by relief over the clash between Iran and Israel - which for the moment seem to have opted for a de-escalation after the mutual attacks of the previous week - investors focused on the results season and on speculation about the next steps of the US Federal Reserve (Fed) and the European Central Bank (ECB).

In this regard, on Friday, the U.S. consumer deflator for March--also known as PCE, the Fed's favorite inflation indicator--will be released, which could provide clues as to the direction of interest rates in the world's leading economic power.

At 07:15 GMT on Friday, Spain's selective IBEX 35 stock index was up 75.60 points, or 0.69%, to 11,059.30 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.57%.

For the week as a whole, the IBEX 35 is up 3.06%, its highest increase since March 16-22.

In the banking sector, Santander rose by 1.39%, BBVA gained 0.62%, Caixabank advanced 0.52%, Sabadell gained 3.45% and Bankinter lost 0.05%.

Among the large non-financial stocks, Telefónica gained 0.43%, Inditex advanced 0.56%, Iberdrola gained 0.79%, Cellnex gained 0.29%, and the oil company Repsol lost 0.57%.

(Information by Tomás Cobos, edited by Javi West Larrañaga).