The Spanish economy is demonstrating robustness with projections suggesting an upward revision, driven by a strong service sector, booming tourism, constructive labor-market conditions, and significant migration influx. The general director of Economy for the Bank of Spain, Ángel Gavilán, confirms this growth. Mergers and acquisitions activity in the Spanish market also reinforces this trend, registering 2,647 agreements until October – a 2% increase compared to the same period in 2023. The capital mobilized hit 81.352 billion Euros, showing a 19% rise, according to TTR Data’s monthly report. AIReF elevates Spanish GDP growth forecasts to 2.9% in 2024 and improving to 2.3% in 2025. Yet, poor economic growth per capita remains an issue, lagging behind the Eurozone.

The Brent opened with virtually no change, at a price of 73.98 dollars per barrel. The gold opened the session with virtually no change, at a price of 2729.4 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4931.77 points. The DAX 30 started the session with virtually no change, in 19519.53 points, the FTSE 100 started the session with virtually no change, at 8286.27 points, and the EURONEXT 100 started the session with virtually no change, at 1476.98 points.

Throughout the day the following indicators will be published: the Composite PMI of France in October., the Composite PMI of Germany in October., the Composite PMI of Eurozone in October.

The IBEX opened with virtually no change, at 11736.7 points. The best performers at the beginning of the day have been ACERINOX (+4.82 %), IAG GROUP (+4.059 %) and ARCELORMITTAL with a change of (+3.212 %) on its values respectively. The worst performers at the beginning of the day have been ACCIONA (-4.647 %), BBVA (-3.852 %) and SOLARIA with a change of (-3.459 %) on its values respectively.