Spain's IBEX 35 closed a back-and-forth session on Wednesday by holding the 19,200 level, according to Radio Intereconomía, which described the index as getting stuck at that mark. The index had climbed above 19,300 during the day before giving up those gains, Valencia Plaza reported.
The swing came as European equity markets pared earlier gains following a US inflation reading that came in above expectations, Yahoo reported. Expansión attributed the Spanish index's weakness to inflationary tensions in the United States.
Investing.com España listed the day's main market drivers as the IBEX 35 itself, the euro-dollar exchange rate, the US consumer price index, comments from European Central Bank President Christine Lagarde, and oil prices.
The reports do not give the size of the index's move in points or percentage terms, nor the specific US inflation figure.
What to watch next: whether the IBEX 35 can hold the 19,200 level in the sessions ahead, and how the euro-dollar rate and oil prices respond to the latest US inflation data.