The main Spanish stock market index opened in positive territory on Monday, boosted by the new year on a trading day conditioned by the closing of markets in London, New York and Hong Kong.

On a day in which both news and trading volumes remain low, the key information will be the final December PMI data for the Eurozone.

In the meantime, markets are keeping an eye on the progress of the COVID in China.

"We will have to be very attentive to how this wave of contagion that China is experiencing evolves, which could have a negative impact on economic growth, put pressure on global supply chains and, in the medium term, have negative effects on inflation," said Renta 4 in its daily analysis note.

During the week, the ISM manufacturing and services for December will be published in the United States, as well as the ADP private employment survey and non-farm payrolls. The final December PMIs for the US and Japan will also be released.

Markets will also be watching the Fed meeting minutes.

In this context, at 08:35 GMT on Monday, the Spanish selective stock market index Ibex-35 was up 74.00 points, or 0.90%, to 8,303.10 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.56%.

In the banking sector, Santander rose 0.84%, BBVA gained 1.03%, Caixabank advanced 0.95%, Sabadell gained 1.20%, and Bankinter gained 1.24%.

Among the large non-financial stocks, Telefónica gained 1.18%, Inditex advanced 1.37%, Iberdrola gained 0.27%, Cellnex gained 1.00%, and the oil company Repsol rose 1.45%.

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