The Bank of Spain predicts that the ‘DANA’ (Acute Declaration of Environmental Risk) will have a minor impact on Spain’s Gross Domestic Product (GDP), reducing its growth by roughly 0.2 percentage points in the fourth quarter. The central bank also estimates a 0.15 percentage point impact on the inflation rate over the long term. This is due to the DANA’s effects on areas that account for 2% of Spain’s GDP and 3% of its industrial activity. Despite the recent challenges, initial reports for the first six months of 2024 suggest that Spain continues to hold its position as the fourth largest market in the Eurozone. Indeed, macroeconomic indicators show unusual strength in Spain’s economy amid a generally weaker European outlook. In total, the credit exposure in the affected zone is €20.584 billion, affecting 561,210 customers.

The Brent opened with virtually no change, at a price of 73.84 dollars per barrel. The gold opened the session with virtually no change, at a price of 2626.7 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4780.54 points. The DAX 30 started the session with virtually no change, in 19174.96 points, the FTSE 100 started the session with virtually no change, at 8119.16 points, and the EURONEXT 100 started the session with virtually no change, at 1437.69 points.

Close to market opening, the following macroeconomic indicators for Europe were published:, the PPI (YoY) of Germany in October (-1.1%).

The IBEX opened with virtually no change, at 11701.2 points. The best performers at the beginning of the day have been MERLIN PROPERTIES (+1.99 %), CAIXABANK (+1.855 %) and IAG GROUP with a change of (+1.85 %) on its values respectively. The worst performers at the beginning of the day have been SOLARIA (-0.383 %), ARCELORMITTAL (-0.375 %) and ACERINOX with a change of (-0.056 %) on its values respectively.