The Spanish economy is performing exceptionally well compared to other nations in the Eurozone, according to the latest forecasts from the European Commission. It is expected that Spain’s Gross Domestic Product (GDP) will grow by 3% in 2024, surpassing the Spanish Government’s initial expectation of 2.7% growth. With a forecast of between 2.1% and 3% GDP growth, Spain is predicted to be the leading European economy in terms of growth. Furthermore, the European Commission also anticipates that Spain will reduce its public deficit to 3% of the GDP this year, in line with the fiscal rules of the European Union. As for the Eurozone, the European Commission has raised its GDP growth forecasts to 0.8% and 1.3% for 2024 and 2025 respectively.
The Brent reaches mid-day with an increase of 0.85 %, to reach the 72.2 dollars per barrel. The gold until mid-day has had an increase of 0.08 %, quoting at 2573.6 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.1 %) until mid-day, going back to 4813.4 points. The DAX 30, with a 0.01 % gained until mid-day, is reaching 19222.63 points, the FTSE 100 has been going up 0.02 % until mid-day, reaching 8069.56 points, and the EURONEXT 100 has been gaining 0.01 % until mid-day, reaching 1447.04 points.
Throughout the day the following indicators indicators for Europe have been published:, the CPI (YoY) of France in October (1.2%). In addition, during the day the following indicators will be published: the core CPI (YoY) of France in October., the core CPI (YoY) of Italy in October., the CPI (YoY) of Italy in October.
Up until mid-day, the IBEX has got an increase of 0.49 % to reach the 11635.8 points. The best performers until the mid-day have been BBVA (+1.832 %), ARCELORMITTAL (+1.772 %) and ACERINOX with an change of (+1.561 %) on its values respectively. The worst performers until the mid-day have been ACCIONA ENERGIA (-0.611 %), ACS (-0.286 %) and AENA with a change of (-0.203 %) on its values respectively.