With the US, London and Hong Kong stock exchanges closed, among others, investors' attention was once again focused on the evolution of monetary policy, with the minutes of the last Federal Reserve meeting (Wednesday) as the main event of the week.
While the rise of COVID-19 contagions in China continues to increase uncertainty about economic growth, IMF Managing Director Kristalina Georgieva warned on Sunday that the new year will be tougher than the last, as all three major economies (US, China and the European Union) are slowing down at the same time.
As a result, Spain's selective Ibex-35 stock market closed with a 140.6-point gain on Monday, up 1.71%, to 8,369.70 points, while the FTSE Eurofirst 300 index of large European stocks rose 1.05%.
In the banking sector, Santander rose 1.68%, BBVA gained 2.63%, Caixabank advanced 0.95%, Sabadell gained 2.91%, and Bankinter gained 1.95%.
Among the large non-financial stocks, Telefónica gained 1.74%, Inditex advanced 3.02%, Iberdrola gained 0.73%, Cellnex gained 1.23%, and the oil company Repsol rose 2.29%.
(Information by Darío Fernández)