IBEX 35 
Markets are digesting China's economic activity data, which showed that the country's growth in 2022 plunged to its worst levels in half a century, as it navigates changes in its monetary policy and pandemic response.
Despite this, the figures hinted at some positive bias, as although they showed negative results, they exceeded market expectations and there is hope for recovery, although this will be a challenging year for China.
"Data is likely to improve going forward, supported by the recent easing of COVID policies," wrote analysts at Renta 4.
"The GDP growth target would be around +5% by 2023, although it will still face a challenging environment, with both external (slowdown in global demand) and internal burdens: effective exit from Covid, real estate sector still to be adjusted, falling population in 2022 for the first time in six decades," they added.
The other issue on the table is inflation. Investors remain attentive to the interventions of the European Central Bank officials during these days, while at the global level, attention is focused on a Davos summit marked by the shadow of a possible global recession.
In terms of macroeconomic data, the German ZEW survey on economic expectations and the New York manufacturing survey in the US will guide this session.
At 08:14 GMT on Tuesday, the selective Spanish stock market index Ibex-35 was up 7.40 points, or 0.08%, to 8,878.50 points, while the FTSE Eurofirst 300 index of large European stocks was up 0.02%.
In the banking sector, Santander rose 0.27%, BBVA gained 0.52%, Caixabank advanced 0.36%, Sabadell fell 0.27%, Unicaja Banco rose 1.07%, and Bankinter dropped 0.55%.
Among the large non-financial stocks, Telefónica fell 0.28%, Inditex dropped 0.25%, Iberdrola fell 0.18%, Cellnex gained 0.62%, and the oil company Repsol rose 0.34%.
(Information by José Muñoz; edited by Flora Gómez)
