Spain's Ibex-35 stock index rose on Tuesday, holding above 9,400 points, as markets focus on inflation data being released later in the day in both the eurozone and the United States.

Economists polled by Reuters expect headline U.S. consumer price inflation to slow to 3.3% in October from 3.7% in September, while the core inflation rate, which strips out volatile components, is expected to remain unchanged from September at 4.1%.

"The data will be highly relevant going forward in terms of the Fed's tone," Renta 4 securities house said in its daily analysis note.

Fed monetary leaders have kept the option of further rate hikes on the table and Fed Chairman Jerome Powell said last week that they were still not sure rates were high enough to control inflation.

The final Spanish CPI for October, released shortly before the market opened, showed a rise of 3.5%, in line with analysts' expectations.

In the background after the global inflation data, Tuesday's session will see the debt ceiling vote in the US, while in Spain the focus is on Pedro Sanchez's investiture vote, scheduled for Thursday.

In this context, at 0805 GMT on Tuesday, the selective Spanish stock market index Ibex-35 was up 20.20 points, or 0.21%, to 9,481.90 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.10%.

In the banking sector, Santander lost 0.05%, BBVA gained 0.10%, Caixabank ceded 0.31%, Sabadell fell 0.31%, Bankinter gained 0.06%, and Unicaja Banco lost 1.08%.

Among the large non-financial stocks, Telefónica fell 0.13%, Inditex advanced 0.20%, Iberdrola gained 0.37%, Cellnex gained 0.97%, and the oil company Repsol rose 0.36%.

(Information by Flora Gómez; edited by Benjamín Mejías Valencia)