The Spanish stock index Ibex-35 opened Tuesday's session almost unchanged, on a day in which no significant news is expected due to the Independence Day holiday in the United States.

"Without further references, the session is likely to be slightly profit-taking after the attractive balances accumulated in the first half of the year (EuroStoxx50 +16%, Ibex35 +16.6%, S&P500 +15.9%, Nasdaq100 +38.8%)," said Bankinter analysts in a note to clients.

Markets were still digesting the weak U.S. manufacturing ISM data released on Monday, as well as the Australian central bank's decision early on Tuesday to keep interest rates steady.

However, investors are keeping their focus on a series of macro data due later in the week, ahead of the start of the earnings season.

Also this week, on Wednesday, the Federal Reserve will release the minutes of its latest meeting, which could provide further clues on the direction of monetary policy.

"If the Fed tightens too much and decides to raise rates more than twice as much as the market anticipated, there is concern that the recession will be deeper than expected," said Manishi Raychaudhuri, an analyst at BNP Paribas.

At 07:15 GMT on Tuesday, Spain's selective Ibex-35 stock market was up 1.00 points, 0.01%, to 9,645.80 points, with the timid possibility of extending a streak of six consecutive up sessions achieved on Monday.

Meanwhile, the FTSE Eurofirst 300 index of large European stocks advanced 0.07%.

In the banking sector, Santander rose 0.73%, BBVA gained 0.39%, Caixabank advanced 0.18%, Sabadell gained 0.55%, Bankinter gained 1.44%, and Unicaja Banco rose 0.87%.

Among the large non-financial stocks, Telefónica gained 0.58%, Inditex advanced 0.45%, Iberdrola gained 0.21%, Cellnex gained 0.30%, and the oil company Repsol lost 2.79%.

(Information by Benjamín Mejías Valencia; additional information by Xie Yu; edited by Flora Gómez)