The Spanish stock market index Ibex-35 opened Wednesday with a slight upward trend, trying to extend the gains of the previous two sessions and remain above the 10,000 point mark, although the lack of new factors to justify the upward trend slowed the advance.

The markets' attention was focused on the trickle of corporate results, with special interest in the US technology group Nvidia, which will serve as a thermometer for the stock market fever for artificial intelligence. There will be no major events on Wednesday for investors in Spain, who are awaiting a busier day on Thursday with the quarterly figures of Iberdrola, Telefónica and Repsol.

Meanwhile, the minutes of the last meeting of the US Federal Reserve (Fed) could offer clues as to when the cycle of interest rate cuts could begin, after recent price data pushed the expected start of monetary easing further away.

"Today all eyes are on the minutes of the FOMC (Fed's monetary executive body) meeting," said Diego Morin, an analyst at IG, in a daily stock market report. "Although we do not expect changes in the positioning of the different members of the Fed, it will be interesting to know their view after the latest uptick in inflationary pressures on U.S. soil, especially with the Producer Price Index (PPI)."

According to Morín, the following days will be key to see if, after returning to the 10,000-point level on Tuesday, the Ibex-35 has the momentum to break out of the trading range in which it has been moving in recent months -- 9,850-10,250 since the end of November -- without being able to decide its course.

"Now, we will see the ability of the Spanish stock market to reenter above the 10,100 - 10,200 points, as it coincides with the bearish guideline it has been forming since the December 2023 highs," he said.

At 0814 GMT on Thursday, Spain's selective stock market index Ibex-35 was up 0.07% to 10,044.80 points, while the FTSE Eurofirst 300 index of large European stocks was down 0.15%.

Enagás, which rose by 1.2% after receiving an improved recommendation from Deutsche Bank after publishing its results the day before, and Acciona Energía, which fell by 1.4% after having its rating downgraded by HSBC analysts.

(Information by Tomás Cobos; edited by Benjamín Mejías Valencia)