BBVA, Telefonica and Santander bring the Ibex close to 10,600 points

Stock markets began August on Tuesday with a good start thanks to a strong company results season, which will see the last big results from the US and Europe this week. Investors will focus on the euro/dollar rate, which shot up to highs not seen since January 2015 following a bounce in inflation in July. The Ibex was 0.8% higher and closed at 10,586.70 points, after it rose 0.5% in July and 13% in the year-to-date.