Spain’s economic activity in the second quarter demonstrates resilience with an estimated preliminary growth of 0.4%. Projections for the year indicate a robust expansion of between 2.2% and 2.6%, reflecting a positive trajectory for the Spanish economy. Fiscal policies are also impacting the financial landscape, as a significant portion of the recent increase in the minimum wage is expected to bolster public revenues, with exchequers collecting over 1,000 million euros. This fiscal influx is largely due to heightened income tax obligations, particularly affecting single and childless married individuals, who will see their contributions exceed 300 euros. Meanwhile, Mercadona, a prominent player in the retail sector, has implemented adjustments that are having a notable effect on electronic purchasing habits, signaling shifts in consumer preferences and market dynamics. These developments underscore significant and varied movements within Spain’s economy, encompassing growth, fiscal policy, and sectoral transformations.

The Brent reaches mid-day with an increase of 0.09 %, to reach the 76.35 dollars per barrel. The gold until mid-day has had a decrease of (-0.32 %), diminishing its price to 2906.8 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.25 %) until mid-day, going back to 5394.1 points. The DAX 30, with a (-0.04 %) loss until mid-day, is going back to 22096.83 points, the FTSE 100 has lost (-0.06 %) until mid-dat, going back to 8780.5 points, and the EURONEXT 100 has been losing (-0.21 %) until mid-day, going back to 1570.9 points.

Throughout the day the following indicators indicators for Europe have been published: the Industrial Production of Italy in December (-3.1%). In addition, during the day the following indicators will be published: the CPI (YoY) of Portugal in January., the Core CPI (YoY) of Portugal in January., the CPI (YoY) of USA in January., the Core CPI (YoY) of USA in January.

Up until mid-day, the IBEX has got an increase of 0.11 % to reach the 12873.2 points. The best performers until the mid-day have been BANCO SANTANDER (+1.04 %), REPSOL (+0.928 %) and UNICAJA with an change of (+0.462 %) on its values respectively. The worst performers until the mid-day have been ACCIONA (-1.265 %), SOLARIA (-1.168 %) and ACCIONA ENERGIA with a change of (-1.109 %) on its values respectively.