Spain leads Europe in purchasing white-label products, topping countries such as the Netherlands, UK, Portugal, and Germany, denoting a strong consumer market in the country. However, a report by Goldman Sachs predicts a potential 0.6% impact on Spain’s GDP if a 10% charge is imposed on Spanish goods. On the corporate side, Telefónica, one of Spain’s leading telecommunications companies, reported a net earnings of €989 million in the first nine months of the year. This figure, albeit substantial, marks a 21.7% drop from the €1.262 billion earnings in the same period of 2023. Despite these challenges, the Spanish market evidently shows resilience, leveraging multinational cooperation in the face of potential trade difficulties with the USA and other global disruptions.

The Brent is finishing the session with an increase of 0.2%, to reach the 75.09 dollars per barrel. The gold finished the session with an increase of 1.18%, quoting at 2699.1 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session gained 0.46 %, reaching 4849.99 points. the DAX ended the session gaining 0.43 % reaching 19366.12 points, the FTSE 100 finished with losses of (-0.44)%, going back to 8146.93 points, and the EURONEXT 100 by the end of the day gained 0.13 %, reaching 1453.03 points.

Throughout the day the following indicators indicators for Europe have been published: the Trade Balance of Germany in September (17.0).

The IBEX closed the session with an increase of 0.22 % to reach the 11575.4 points. The best performers of the day have been IAG GROUP with a (+2.502 %), ARCELORMITTAL with a (+1.898 %) and ACCIONA ENERGIA with an change of (+1.545%) on its values respectively. The worst performers of the day have been LABORATORIOS ROVI with a (-1.994 %), AENA with a (-1.345 %) and ACS with a change of (-1.213 %) on its values respectively.