The Ibex-35 showed a moderate advance and extended a bullish streak that has allowed the Spanish stock index to gain more than 10% in November, as investors await two key dates for the economic future in the coming months.

After several monetary leaders pointed to the need to keep interest rates high in order to contain inflation, investors will be particularly interested in the price reports to be published on Thursday in the eurozone and the United States.

In this regard, there will also be attention to a further speech on Tuesday by European Central Bank President Christine Lagarde, who on the eve noted that the struggle to contain price growth is not yet over, as wage growth remains strong and the outlook is particularly uncertain.

The other major short-term event will be the meeting of the world's major oil exporters on Thursday, in the face of an apparent lack of consensus on possible production cuts.

"Discontents continue to 'leak out' from Saudi Arabia to other producing countries, so the internal 'war' is served," said Diego Morin, analyst at IG, in a daily report.

Otherwise, financial markets received positively the extension of the precarious truce between Israel and Hamas, which for the time being averts fears of a widening of the conflict to other countries in the Middle East.

Against this backdrop, at 0810 GMT on Tuesday, the Spanish selective stock market index Ibex-35 was up 18.40 points, or 0.18%, to 9,954.30 points, glimpsing the 10,000-point level, which it has not surpassed since February 2020, just before the stock market debacle caused by the COVID-19 pandemic.

In November and with three sessions left to complete the month, including Tuesday's session, the Ibex-35 has risen 10.49%, its best monthly performance since November 2020, when the first news of vaccines against the coronavirus was known.

Meanwhile, the FTSE Eurofirst 300 index of large European stocks fell by 0.47%.

In the banking sector, Santander rose 0.26%, BBVA gained 0.62%, Caixabank advanced 0.53%, Sabadell gained 0.45%, Bankinter gained 0.53% and Unicaja Banco lost 0.29%.

Among the large non-financial stocks, Telefónica fell 0.26%, Inditex dropped 0.03%, Iberdrola lost 0.04%, Cellnex gained 0.12%, and the oil company Repsol traded with a slight advance.

The real estate company Merlin stood out, after receiving an improved recommendation from Goldman Sachs.

(Information by Tomás Cobos; edited by Benjamín Mejías Valencia)