The Spanish economy is set for sustained and robust growth, according to the International Monetary Fund (IMF). This is bolstered by the internal consumption growth, resilience of key sectors and, the diversification of its economy. The organization projects a 2.9% growth for Spain in 2024, a forecast backed by the General Council of Economists (CGE), who attribute this to strong Q2 growth, the strength of the external sector and slow albeit growth of private consumption. Furthermore, Spain stands as the 11th country globally and third in Europe in terms of attracting foreign investment, with foreign capital’s weight in Spain being 57.9% in GDP terms, higher than France or Germany. However, the CGE forecasts a slow decrease in the unemployment rate, barely falling below 11% over the span.

The Brent is finishing the session with losses of (-0.61)%, going down to 75.14 dollars per barrel. The gold closed this session with losses of (-0.85)%, diminishing its price to 2741.1 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session gained 0.07 %, reaching 4940.42 points. the DAX ended the session gaining 0.16 % reaching 19455.3 points, the FTSE 100 finished with losses of (-0.47)%, going back to 8267.85 points, and the EURONEXT 100 by the end of the day lost (-0.19)%, going back to 1481.22 points.

Throughout the day the following indicators indicators for Europe have been published: the Consumer confidence of Eurozone in October (-12.5).

The IBEX closed the session with an increase of 0.17 % to reach the 11879.6 points. The best performers of the day have been BANKINTER with a (+1.66 %), ENAGAS with a (+1.266 %) and CELLNEX with an change of (+0.9%) on its values respectively. The worst performers of the day have been SOLARIA with a (-1.275 %), IAG GROUP with a (-1.236 %) and SACYR with a change of (-1.204 %) on its values respectively.