Madrid Stocks Cautiously Higher

The IBEX 35 index was trading slightly above the 8,230 level on Friday, after five consecutive sessions of decline, amid hopes that China's economy would pick up pace due to the de-escalation of COVID-19 strict measures, while traders awaited key monetary decisions from both the Federal Reserve and the ECB next week.

On the corporate front, Amadeus was leading the gain, rising more than 3.5%, after Goldman Sachs upgraded it to "buy" from "neutral" and raised its target price to 70 euros.

It also added the company's stock to its conviction list.