Ibex 35 struggles to reverse declines amid global economic uncertainty.

European stock markets have experienced a day marked by uncertainty, while the Ibex 35, the benchmark index in Spain, faces a significant challenge in its attempt to reverse three consecutive days of declines. The situation is further complicated by the international context, where the weakness of the dollar and oil adds to concerns about global economic health. As investors await new macroeconomic indicators, the Ibex finds itself at a critical point, struggling to achieve its first increase in four sessions. The lack of a clear rebound on Wall Street has fueled nervousness in European markets. The declines in the Nasdaq and Nikkei, which led the stock market correction earlier in the week, have raised doubts about the market's recovery. Several investment firms have warned that, given the current scenario, it will be difficult to foresee a significant rebound in equities in the short term. This outlook has led investors to adopt a cautious approach, waiting for indicators that may provide a clearer signal about the market's future direction. The main cause of the recent decline in the markets is attributed to a resurgence of economic alerts, which has heightened fears of a possible slowdown. In this context, the economic agenda for this week is crucial, with the official employment report from the United States on the horizon. Meanwhile, investors will be attentive to the weekly unemployment claims that will be announced today, which will serve as an appetizer before the important employment report. Expectations point to stability around 230,000 claims; however, a considerably lower number could intensify macroeconomic pessimism. On the other hand, the day has started in Europe with positive news in the macroeconomic sphere. Industrial orders in Germany have recorded an increase of 2.9%, surpassing forecasts of a 1.5% decline anticipated by analysts. This unexpected growth could provide temporary relief to European markets, although it does not necessarily guarantee a sustained recovery for the Ibex, which remains under pressure. Despite the challenges, the Spanish stock market has been making efforts to minimize the downward trends that have marked recent sessions. The persistence of the Ibex 35 in trying to stay close to the threshold of 11,200 points reflects investors' struggle to find support amid volatility. However, chaining a fourth consecutive decline could further erode market confidence. Analysts suggest that the market's direction in the coming days will largely depend on economic data from the United States. Attention is focused on how markets will respond to employment figures, which are considered a barometer of the country’s economic health. A positive report could reignite optimism in the markets, while a disappointing result could intensify pressure on the Ibex and other European indices. On the international front, the weakness of the dollar has become a relevant factor, especially for those investors operating in global markets. The fluctuation of the dollar also influences the price of oil, which has shown signs of weakness, potentially impacting the global economy and the decisions of local investors. In conclusion, the outlook for the Ibex 35 and European markets in general remains uncertain. As investors navigate a cautious environment, today will be a crucial test to gauge market sentiment. The search for clear signals indicating a trend reversal will intensify, and everything will depend on how markets react to the upcoming macroeconomic references. Meanwhile, volatility will continue to be the norm, and the Ibex will need to find its way amid this complicated scenario.