Ángel Gavilán, Director General of Economy at the Bank of Spain, has warned that recent dynamics suggest that supply disturbances on economic activity could be more frequent and persistent in the future. Meanwhile, the Spanish Chamber of Commerce has revised its GDP growth forecast for the Spanish economy in 2024 to 3.1%, seven-tenths higher than previous estimates, and has raised its 2025 projection by one-tenth, to 2.1%. The Spanish external sector is now much more diversified, with sectors like consultancy, engineering, and telecommunications witnessing a significant rise in sales to other countries. The ongoing market situation is being influenced by multiple factors such as political events in the U.S and corporate performance results.
The Brent is finishing the session with losses of (-1.45)%, going down to 73.57 dollars per barrel. The gold closed this session with losses of (-0.07)%, diminishing its price to 2694.6 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session lost (-0.72) %, going back to 4799.36 points. the DAX ended the session losing (-0.55) % going back to 19204.77 points, the FTSE 100 finished with losses of (-0.71)%, going back to 8063.4 points, and the EURONEXT 100 by the end of the day lost (-0.53)%, going back to 1442.78 points.
Throughout the day the following indicators indicators for Europe have been published: the Trade Balance of France in September (-8.3B).
The IBEX closed with losses of (-0.28 %) to get to 11543.5 points. The best performers of the day have been CELLNEX with a (+0.826 %), MELIÁ HOTELS with a (+0.706 %) and REDEIA with an change of (+0.672%) on its values respectively. The worst performers of the day have been LABORATORIOS ROVI with a (-3.526 %), REPSOL with a (-2.002 %) and ACS with a change of (-1.778 %) on its values respectively.