In Spain, companies Return and Benbros Energy have announced a collaboration to develop over 500 MW in future storage projects, aiming to boost the country’s transition towards renewable energy. This emerges alongside Madrid-based Barclays’ Vice President’s announcement to take on a new role starting November 15. Meanwhile, the production of accommodation services in Spain increased 3.5% between January and July compared to the same period in 2023. Despite this growth, it was highlighted that the Spanish labor market excludes workers over the age of 55. Furthermore, labor-intensive services have seen increased costs, surpassing energy and food as the core of the IPC. Today, the Council of Ministers is expected to approve a new economic framework in line with expert projections. In other news, a discussion on the market was conducted on Capital Intereconomía.

The Brent opened with virtually no change, at a price of 74.74 dollars per barrel. The gold opened the session with virtually no change, at a price of 2654.3 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4935.36 points. The DAX 30 started the session with virtually no change, in 18976.69 points, the FTSE 100 started the session with virtually no change, at 8297.36 points, and the EURONEXT 100 started the session with virtually no change, at 1487.02 points.

Close to market opening, the following macroeconomic indicators for Europe were published: the Ifo business confidence index of Germany in September (85.4).

The IBEX opened with virtually no change, at 11851.4 points. The best performers at the beginning of the day have been ARCELORMITTAL (+4.384 %), ACERINOX (+2.535 %) and INDRA with a change of (+1.458 %) on its values respectively. The worst performers at the beginning of the day have been IBERDROLA (-0.364 %), CELLNEX (-0.357 %) and MERLIN PROPERTIES with a change of (-0.087 %) on its values respectively.