The Spanish economy and market have shown promising activity recently. Holiday rental company, Olala Homes, declared a significant investment of roughly 100 million euros into its expansion in Spain and Portugal, emphasizing their strategic importance. Meanwhile, the IBEX 35 concluded September with a notable appreciation of 4.17%, reaching 11,877.3 points, a record high since 2010. This performance was catalyzed by recent interest rate cuts by the European Central Bank and the US Federal Reserve. Additionally, the aging Spanish population and overall low birth rate are having visible effects on the labor market and economic growth. Finally, the Spanish pharmaceutical company announced the acquisition of 16 products within the brand portfolios of Perme-cure, Retirides, Ciclochem and Peitel, illustrating an active M&A market.
The Brent reached mid-day with losses of (-1.33 %), going down to 71.48 dollars per barrel. The gold until mid-day has had a decrease of (-0.39 %), diminishing its price to 2670.2 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.3 %) until mid-day, going back to 5031.94 points. The DAX 30, with a (-0.1 %) loss until mid-day, is going back to 19397.72 points, the FTSE 100 has lost (-0.26 %) until mid-dat, going back to 8287.03 points, and the EURONEXT 100 has been losing (-0.6 %) until mid-day, going back to 1490.02 points.
Throughout the day the following indicators indicators for Europe have been published:, the core CPI (YoY) of Italy in September (0.8%). In addition, during the day the following indicators will be published: the Trade Balance of Eurozone in July.
Up until mid-day, the IBEX has got a decrease of (-0.09 %), to get to 11931.2 points. The best performers until the mid-day have been GRIFOLS (+4.236 %), FLUIDRA (+1.37 %) and LABORATORIOS ROVI with an change of (+1.045 %) on its values respectively. The worst performers until the mid-day have been ACERINOX (-1.877 %), ARCELORMITTAL (-1.474 %) and INDRA with a change of (-1.021 %) on its values respectively.