The main Spanish stock market index closed Monday with a slight fall, cautiously taking profits as it awaits the central banks' meetings and this week's corporate results.

Markets are awaiting the Fed meeting, scheduled for Wednesday, "with the possibility of seeing a 25bp hike instead of the initial 50bp," as IG pointed out in a daily analysis note.

It will be followed on Thursday by the European Central Bank and the Bank of England.

January's rise in eurozone economic confidence, which was released on Monday, could serve as an incentive for the ECB to continue raising interest rates in order to curb inflation.

On the other hand, the week will be marked by corporate results, among which the technology titans stand out globally.

The selective Spanish stock market index Ibex-35 closed with a fall of 3.80 points on Monday, or 0.04%, to 9,056.40 points, while the FTSE Eurofirst 300 index of large European stocks lost 0.12%.

In the absence of Tuesday's session, the Ibex-35 accumulates in January a rise of 10.05%, which, if it materializes, would be the biggest monthly increase since November 2020, when the first positive results in vaccine trials against COVID-19 were known.

In the banking sector, Santander rose 0.74%, BBVA gained 0.08%, Caixabank advanced 0.02%, Sabadell fell 0.56%, Bankinter gained 0.06%, and Unicaja Banco lost 0.95%.

Among the large non-financial stocks, Telefónica gained 0.66%, Inditex advanced 0.56%, Iberdrola dropped 0.14%, Cellnex gained 0.55%, and the oil company Repsol lost 0.88%.

(Information by Flora Gómez)