The Ibex-35 closed Tuesday's trading day with a slight fall dragged down by the bad mood in the markets due to the prospects of monetary tightening, although consolidating its best month in more than two years.

The session saw the release of Eurostat data, which showed that the bloc's economy barely grew in the last three months of 2022, narrowly avoiding a recession and showing the resilience of the euro economy, although it did not improve investor confidence.

In the coming sessions, the focus will be on central banks' decisions on interest rate hikes.

On Wednesday, the Federal Reserve is expected to raise rates by 25 basis points (bps), and on Thursday the European Central Bank and the Bank of England will announce their hikes. Markets are betting that both banks will raise their interest rates by 50 bps each.

As a result, the selective Spanish stock market index Ibex-35 closed down 17.00 points on Tuesday, or 0.19%, to 9,032.30 points, while the FTSE Eurofirst 300 index of large European stocks lost 0.16%.

For January as a whole, the Ibex-35 accumulated a rise of 9.76%, its biggest monthly gain since November 2020, when the first positive results in vaccine trials against COVID-19 were known.

In the banking sector, Santander rose 0.25%, BBVA gained 0.37%, Caixabank advanced 0.72%, Sabadell gained 3.46%, and Bankinter gained 1.85%.

Unicaja Banco stood out, which fell 9.48%, its biggest fall in six and a half months, after publishing a loss of 1 million euros in the fourth quarter due to the increase in provisions.

Among the large non-financial stocks, Telefónica fell 0.49%, Inditex advanced 0.21%, Iberdrola dropped 0.37%, Cellnex fell 1.29% and the oil company Repsol lost 0.26%.

(Information by José Muñoz, edited by Emma Pinedo)