IBEX 35 
Still rejoicing over the US federal debt ceiling deal, markets are closely following the succession of macroeconomic data. A demand-driven rebound in China's services PMI boosted optimism about the country's economy, following recent fears about an uneven recovery.
Investors were still digesting the mixed figures from Friday's U.S. jobs report, which brought a significant increase in job creation along with a slowdown in wages and a rise in unemployment.
The trickle of data will continue throughout the session, with final PMIs from the eurozone, UK and US, as well as ISM non-manufacturing and durable goods orders from the latter country.
Oil trading was boosted by Saudi Arabia's announcement on Sunday that it will cut production in July. The price of a barrel of Brent was up 1.59%, while Texas light crude WTI was up 1.77%.
Despite the optimism of the last three sessions, Renta 4 analysts recommend caution, warning in a daily note: "(...) we reiterate our conservative bias in portfolios in the face of a slowing economic cycle, but with inflation still high, which will force central banks to keep rates high for longer".
After two sessions with notable advances, at 09:05 Monday, the selective Spanish stock market index Ibex-35 was up 15.10 points, or 0.16%, to 9,332.40 points, its highest level since the close on April 24, while the FTSE Eurofirst 300 index of large European stocks advanced 0.04%.
In the banking sector, Santander rose 0.08%, BBVA gained 0.37%, Caixabank advanced 0.22%, Sabadell gained 0.26%, Unicaja Banco rose 0.54%, and Bankinter gained 0.89%.
Among the large non-financial stocks, Telefónica gained 1.21%, Inditex fell 0.34%, Iberdrola dropped 0.04%, Cellnex fell 0.05%, and the oil company Repsol rose 1.23%.
(Information by Darío Fernández; edited by Tomás Cobos).
