IBEX 35 
On Tuesday, equities were supported by the retail sales data, which came in below expectations, reinforcing bets on interest rate cuts by the Federal Reserve (Fed). This news boosted the US stock markets, with record highs in the S&P 500 and the Nasdaq, where the buying fever of stocks benefiting from artificial intelligence was also felt once again.
The current session will not bring any major macroeconomic references - apart from the British CPI, which moderated, reaching forecasts - and will also lack the Wall Street beacon, closed for the Juneteenth holiday.
"Attention shifts to tomorrow, when 4 central banks will meet: China (repeat, although it is not impossible that it will cut: 12m 3.45% and 5A 3.95%), Switzerland (50/50 down -25bp, to 1.25%), Norway (repeat 4.50%) and UK (repeat 5.25%)," said Bankinter analysts in their morning report.
"Most likely, if any will cut tomorrow, it will be Switzerland. That would reinforce the expectation that rates are indeed moving lower, albeit slowly. And that would be good for stocks and bonds. All in all, a routine session until we see what happens tomorrow with rates," they added.
In the Spanish market, the real estate company Colonial fell by 4.30%, ahead of the payment of a dividend of 0.27 euros per share this Friday.
Overall, at 0728 GMT on Wednesday, the selective Spanish stock market index IBEX 35 was down 7.50 points, or 0.07%, to 11,060.20 points, while the FTSE Eurofirst 300 index of large European stocks was down 0.09%.
In the banking sector, Santander lost 0.67%, BBVA fell 0.37%, Caixabank dropped 0.38%, Sabadell fell 0.23%, Bankinter gained 0.05%, and Unicaja Banco lost 0.64%.
Among the large non-financial stocks, Telefónica gained 0.23%, Inditex advanced 0.21%, Iberdrola gained 0.04%, Cellnex fell 0.31%, and the oil company Repsol rose 0.55%.
(Information by Tomás Cobos; edited by Benjamín Mejías Valencia)
