The Spanish stock index closed Monday's trading day with losses, in line with world markets, and moved away from 9,500 points, as investors assimilated last week's central bank decisions and awaited that of the Bank of England (BoE) on Thursday.

Markets estimate a 75% chance of the BoE opting for a 25 basis point (bp) rate hike and a 25% chance of a 50 bp hike.

With no major moves in the US due to the Emancipation Day holiday, which commemorates the freeing of African-American slaves, investors awaited US Federal Reserve Chairman Jerome Powell's speech to Congress on Wednesday and Thursday.

Spain's selective Ibex-35 stock market closed down 63.10 points on Monday, or 0.66%, at 9,431.90 points, while the FTSE Eurofirst 300 index of large European stocks lost 1.04%.

In the banking sector, Santander lost 0.26%, BBVA rose 0.12%, Caixabank gave up 0.05%, Sabadell gained 0.34%, and Bankinter declined 0.38%.

Among the large non-financial stocks, Telefónica advanced 0.99%, Inditex dropped 1.42%, Iberdrola fell 0.97%, Cellnex fell 0.95%, and the oil company Repsol lost 0.55%.

(Information by Benjamín Mejías Valencia; edited by Manuel Farías)