The Spanish economy demonstrates robustness backed by a strong services sector, unparalleled tourism boom, and a labor market with great potential for job creation, along with a considerable migratory influx. The Director General of Economy at the Bank of Spain, Ángel Gavilán, predicts an upward revision of economic projections. The Spanish mergers and acquisitions market recorded a total of 2,647 deals until October, a 2% increase from the same period in 2023. The mobilized capital rose to €81.35 billion, a 19% increase, according to TTR Data’s monthly report. The Independent Authority for Fiscal Responsibility (AIReF) raised GDP growth forecast to 2.9% for 2024 and improved the estimate to 2.3% for 2025. However, per capita economic growth remains lower than the Eurozone, indicating potential headwinds.

The Brent reaches mid-day with an increase of 0.39 %, to reach the 74.67 dollars per barrel. The gold until mid-day has had a decrease of (-0.61 %), diminishing its price to 2714.7 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-1.33 %) until mid-day, going back to 4877.84 points. The DAX 30, with a (-1.17 %) loss until mid-day, is going back to 19322.56 points, the FTSE 100 has lost (-0.51 %) until mid-dat, going back to 8254.54 points, and the EURONEXT 100 has been losing (-1.22 %) until mid-day, going back to 1462.46 points.

In addition, during 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.

Up until mid-day, the IBEX has got a decrease of (-1.5 %), to get to 11589.5 points. The best performers until the mid-day have been LOGISTA (+0.346 %), AENA (+0.198 %) and ACS with an change of (+-0.133 %) on its values respectively. The worst performers until the mid-day have been BANCO SABADELL (-3.889 %), SOLARIA (-3.107 %) and BBVA with a change of (-2.992 %) on its values respectively.