According to the Organisation for Economic Co-operation and Development (OECD), Spain’s economy is expected to grow at a rate higher than the average for the Eurozone. The move indicates a positive adjustment to Spain’s Gross Domestic Product (GDP) forecasts in the coming years. The OECD revised its prediction for Spain’s economic growth up by one point, setting a 2.8% increase for 2024, with the nation’s GDP expected to advance an additional point beyond their previous forecast for the current year. Furthermore, an inflation rate of 3% was projected for 2024, expected to converge with the European average at 2.1% by 2025. This forecast confirms Spain’s robust economic recovery, outpacing other major European economies.

The Brent opened with virtually no change, at a price of 74.82 dollars per barrel. The gold opened the session with virtually no change, at a price of 2678.2 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4915.68 points. The DAX 30 started the session with virtually no change, in 18895.42 points, the FTSE 100 started the session with virtually no change, at 8270.7 points, and the EURONEXT 100 started the session with virtually no change, at 1480.1 points.

Close to market opening, the following macroeconomic indicators for Europe were published: the Producer price index (YoY) of Spain in August (-1.3%). Throughout the day the following indicators will be published: the Consumer Confidence of France in September.

The IBEX opened with virtually no change, at 11791.4 points. The best performers at the beginning of the day have been FLUIDRA (+1.459 %), AMADEUS (+1.23 %) and LABORATORIOS ROVI with a change of (+0.694 %) on its values respectively. The worst performers at the beginning of the day have been BBVA (-0.967 %), IBERDROLA (-0.951 %) and BANCO SANTANDER with a change of (-0.703 %) on its values respectively.