The Spanish stock market index Ibex-35 showed a moderate advance on Monday, at the beginning of a week marked by the corporate results season, several important macroeconomic data and the minutes of the last meeting of the U.S. Federal Reserve (Fed).

After price indexes further cooled hopes for early Fed rate cuts, investors will scrutinize Fed comments for confirmation of the central bank's hawkish stance on monetary policy.

There will also be interest in PMI survey figures on both sides of the Atlantic (Thursday), which could provide clues about the economic slowdown, along with consumer inflation expectations in the eurozone and the IFO business confidence index in Germany (Friday in both cases).

In Spain, Thursday will bring the quarterly results of large companies such as Repsol, Iberdrola and Telefónica, as well as reports from European companies.

Meanwhile, Monday brought little news apart from the return of financial markets in China after the Lunar New Year break, as investors assess the latest economic and monetary developments.

"We believe the risk-return trade-off remains attractive in an improving economic cycle environment and where rates should have peaked, we believe there are several risk factors that could determine better entry points into stocks," said brokerage Renta 4.

These factors would be, according to these analysts, "1) Further adjustment of rate cut expectations by the market; 2) Geopolitical risks with upside implications on inflation; 3) CRE (commercial real estate) in the US".

Overall, at 0818 GMT on Monday, the selective Spanish stock market index Ibex-35 was up 47.00 points, or 0.48%, to 9,933.40 points, while the FTSE Eurofirst 300 index of large European stocks fell by 0.08%.

In the banking sector, Santander rose 1.55%, BBVA gained 0.35%, Caixabank advanced 1.14%, Sabadell gained 1.84%, Bankinter gained 0.99%, and Unicaja Banco rose 0.53%.

Among the large non-financial stocks, Telefónica gained 1.52%, Inditex fell 0.98%, Iberdrola gained 0.65%, Cellnex fell 0.36%, and the oil company Repsol rose 1.73%.

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