Spain saw a surge in its high-speed rail network passenger volume with a 21% quarter-on-quarter increase to 10.2 million in Q2 2024. Spain stands out as the only major economy in the European Union maintaining a specific tax on extraordinary banking and energy firms’ profits, two years post the inflation-driven crisis. Structural challenges persist in the national economy, despite short-term resilience. Among developed countries, Spain’s citizens have lost significant purchasing power for food since the pandemic, warns the Organization for Cooperation. Reminder to the government: improving public accounts is “key to growth” and demands a suitable fiscal path as the debt reduction is “not enough. It is excessively bulky.” Both the government and the electric sector agree on the “historic” opportunity for Spain’s energy transition and betting on electrification as a route to decarbonize the economy.

The Brent opened with virtually no change, at a price of 71.17 dollars per barrel. The gold opened the session with virtually no change, at a price of 2684.0 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4992.37 points. The DAX 30 started the session with virtually no change, in 19127.51 points, the FTSE 100 started the session with virtually no change, at 8309.64 points, and the EURONEXT 100 started the session with virtually no change, at 1493.64 points.

Throughout the day the following indicators will be published: the Busines Confidence of Italy in september., the GDP (MoM) of USA in Q2.

The IBEX opened with virtually no change, at 11910.4 points. The best performers at the beginning of the day have been ARCELORMITTAL (+3.015 %), FLUIDRA (+2.582 %) and IAG GROUP with a change of (+2.162 %) on its values respectively. The worst performers at the beginning of the day have been REPSOL (-1.111 %), TELEFÓNICA (-0.135 %) and ENAGAS with a change of (0.0 %) on its values respectively.