Recent reports from the Bank of Spain reveal a surge in the relative weight of rented housing among younger age groups. In addition, housing scarcity in Madrid, Barcelona, Valencia, Alicante, and Málaga has increased due to demand driven by work and tourism. Meanwhile, the Chamber of Commerce’s latest Business Climate Study registers concern among small businesses about the economy’s future, with 50% showing clear pessimism. Furthermore, consulting firm McKinsey & Company’s bi-annual index monitors the progress of energy transition and its impact on the country’s industry. Despite uncertainties around Eurozone growth and moderating prices prompting expected cuts, a slight recovery in consumers’ purchasing power and a drop in inflation are seen as favourable factors for large-scale sector companies.

The Brent opened with virtually no change, at a price of 74.05 dollars per barrel. The gold opened the session with virtually no change, at a price of 2695.9 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4927.9 points. The DAX 30 started the session with virtually no change, in 19533.2 points, the FTSE 100 started the session with virtually no change, at 8324.83 points, and the EURONEXT 100 started the session with virtually no change, at 1477.13 points.

Close to market opening, the following macroeconomic indicators for Europe were published:, the Deposit Facility Rate of Eurozone in Octobee (3.25%).

The IBEX opened with virtually no change, at 12012.0 points. The best performers at the beginning of the day have been IAG GROUP (+1.462 %), CAIXABANK (+0.919 %) and BANCO SANTANDER with a change of (+0.705 %) on its values respectively. The worst performers at the beginning of the day have been ARCELORMITTAL (-0.77 %), FERROVIAL (-0.72 %) and INMOBILIARIA COLONIAL with a change of (-0.651 %) on its values respectively.