The Spanish economy is experiencing significant growth, standing out amongst its European neighbors. In particular, the integration of Artificial Intelligence (AI) within small and medium enterprises (SMEs) is noteworthy, with 9% having already incorporated specific AI solutions, surpassing the average in Europe. Due to consistent growth, wages in Spain are forecasted to continue their upward trajectory, with an average increase of 3.2% expected next year according to the ‘Remuneration Study 2025’ by Michael Page. Retail in Spain also shows promise, with the sector predicted to grow substantially despite a general slowdown across Europe. A setback, however, could be the potential economic loss from the DANA (Isolated Depression at High Levels) event in Valencia which may slightly hamper the economic growth in the fourth quarter. Meanwhile, the November consumer price index (CPI) indicates inflation of 2.4% year on year.
The Brent reaches mid-day with an increase of 1.15 %, to reach the 72.83 dollars per barrel. The gold until mid-day has had an increase of 0.07 %, quoting at 2669.3 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.13 %) until mid-day, going back to 4762.96 points. The DAX 30, with a (-0.04 %) loss until mid-day, is going back to 19381.08 points, the FTSE 100 has lost (-0.17 %) until mid-dat, going back to 8276.45 points, and the EURONEXT 100 has been losing (-0.16 %) until mid-day, going back to 1430.04 points.
Throughout the day the following indicators indicators for Europe have been published: the CPI (YoY) of Spain in November (2.4%). In addition, during the day the following indicators will be published: the core CPI (YoY) of Spain in November., the Bussines confidence of Eurozone in November., the CPI (YoY) of Germany in November., the core CPI (YoY) of Germany in November.
Up until mid-day, the IBEX has got a decrease of (-0.19 %), to get to 11622.4 points. The best performers until the mid-day have been IAG GROUP (+0.871 %), AMADEUS (+0.605 %) and CELLNEX with an change of (+0.507 %) on its values respectively. The worst performers until the mid-day have been BANCO SANTANDER (-0.767 %), NATURGY (-0.694 %) and MAPFRE with a change of (-0.64 %) on its values respectively.