Spain’s economy faces a potential impact due to the DANA (Isolated Depression at High Levels) with the Bank of Spain predicting it could detract two-tenths from the GDP growth in the fourth quarter. An estimated 561,210 clients are affected with a total exposure to credit in the impacted area being 20.584 billion euros. Governor Jose Luis Escrivá notes the affected municipalities account for 2% of Spain’s GDP and 3% of industrial activity. The DANA is also expected to cause a 0.15 point impact on inflation. Meanwhile, in the first six months of 2024, Spanish capital markets remain robust, retaining their position as the fourth biggest in the Eurozone, amid a general backdrop of economic vitality, displaying unusual strength in the weak European landscape.

The Brent is finishing the session with … no data was not available. The gold finished the session with an increase of 0.97%, quoting at 2653.4 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session lost (-0.72) %, going back to 4730.31 points. the DAX ended the session losing (-0.65) % going back to 19000.45 points, the FTSE 100 finished with losses of (-0.36)%, going back to 8084.4 points, and the EURONEXT 100 by the end of the day lost (-0.51)%, going back to 1426.76 points.

Throughout the day the following indicators indicators for Europe have been published:, the PPI (YoY) of Germany in October (-1.1%).

The IBEX closed with losses of (-0.79 %) to get to 11582.0 points. The best performers of the day have been MERLIN PROPERTIES with a (+0.783 %), AENA with a (+0.351 %) and AMADEUS with an change of (+0.03%) on its values respectively. The worst performers of the day have been SOLARIA with a (-4.491 %), BANCO SANTANDER with a (-2.071 %) and BBVA with a change of (-1.766 %) on its values respectively.