Overview
- Global stocks opened cautiously on Monday after Houthi forces claimed a missile strike on Riyadh's aerodrome, keeping energy-supply risk elevated and pressuring European indexes such as the Ibex 35.
- Investors moved toward safer assets and pushed the US 10-year Treasury yield up to about 4.99%, reflecting higher demand for yields as a hedge against risk and potential inflation from energy disruptions.
- Oil prices eased at the European open, with Brent around $115 and WTI near $101, after weekend reports of diplomatic mediation and conflicting accounts of damage to Saudi energy infrastructure.
- Sector moves were driven by firm-specific news: telecom stocks fell after reports that SpaceX is seeking mobile-antenna sites, and Spanish energy M&A shifted as Moeve–Galp talks ended while the CNMC gave preliminary approval to Iberdrola’s purchase of Contigo Energía.
- Market attention is squarely on a heavy tech earnings week that includes Alphabet, Microsoft and Amazon, because their capital-expenditure guidance will be watched for signs that AI investment plans will change and influence broader market sentiment.