Spain’s economy is witnessing significant growth with the GDP advancing by 3.3% between January and June, considerably surpassing the expected 1.7%. Main contributors to this economic advancement include the agriculture, industry, and export sectors. The nation’s tourism industry is also thriving, contributing $227.9 billion to the economy, with Spain staying a favourite destination amongst tourists from the U.S, China, Germany, and the UK. On the business front, Spain recorded the highest surge in new companies in 17 years, with nearly 73,000 firms created between January and July 2024, reflecting a 17% increase compared to 2023. Meanwhile, Spanish firms are intensifying their commitment to sustainability and circular economy principles, with Smurfit Westrock joining the Cartón Circular initiative.

The Brent opened with virtually no change, at a price of 70.11 dollars per barrel. The gold opened the session with virtually no change, at a price of 2556.0 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4769.69 points. The DAX 30 started the session with virtually no change, in 18347.46 points, the FTSE 100 started the session with virtually no change, at 8213.84 points, and the EURONEXT 100 started the session with virtually no change, at 1452.07 points.

Close to market opening, the following macroeconomic indicators for Europe were published:, the Trade Balance of UK in July (-20B).

The IBEX opened with virtually no change, at 11322.0 points. The best performers at the beginning of the day have been INDITEX (+4.278 %), GRIFOLS (+3.164 %) and UNICAJA with a change of (+2.703 %) on its values respectively. The worst performers at the beginning of the day have been FERROVIAL (-1.323 %), LABORATORIOS ROVI (-0.981 %) and REDEIA with a change of (-0.683 %) on its values respectively.