The Spanish stock index Ibex-35 closed Tuesday's trading day slightly higher, awaiting details of the latest Federal Reserve meeting and the development of the health situation in China.

The big news of the week will be the Fed minutes of its December meeting, where investors are waiting for some clue as to the future direction of the US central bank, now that inflation data in Europe show some easing.

Similarly, markets are watching the situation in China, where COVID-19 infections are on the rise following the withdrawal of the government's anti-virus measures, and the meeting between WHO experts and Chinese experts to assess the situation.

The Spanish selective stock market index Ibex-35 was up 35.50 points on Tuesday, or 0.42%, to 8,405.00 points, while the FTSE Eurofirst 300 index of large European stocks rose by 1.22%.

In the banking sector, Santander rose 0.26%, BBVA gained 1.50%, Caixabank advanced 3.53%, Sabadell gained 1.28%, and Bankinter gained 2.00%.

Among the large non-financial stocks, Telefónica gained 0.29%, Inditex dropped 0.86%, Iberdrola lost 0.32%, Cellnex gained 0.16%, and the oil company Repsol lost 2.24%.

(Information by José Muñoz; edited by Emma Pinedo)