The Spanish economy shows promising signs with various robust constituents driving progress. Carlos Fernández Carriedo, the Economic and Financial Councillor of Castile and Leon, is advocating for a more unified and open market throughout Spain, an important initiative for a more interconnected domestic economy. InPost, the door-to-door logistics firm, surpassed 11,000 ‘point pack’ and ‘lockers’ in Spain and Portugal, indicating a booming e-commerce industry. In renewable energy, Naturgy is becoming a leader in biogas development, vital for Spain’s energy transition. Spanish tourism too is experiencing a surge, especially from international markets, positively impacting overall economy and job numbers. Lastly, the National Institute of Statistics released the updated annual National Accounting series incorporating revisions of GDP estimates, ensuring compliance with Eurostat standards.
The Brent opened with virtually no change, at a price of 73.24 dollars per barrel. The gold opened the session with virtually no change, at a price of 2596.1 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4855.72 points. The DAX 30 started the session with virtually no change, in 18717.36 points, the FTSE 100 started the session with virtually no change, at 8290.47 points, and the EURONEXT 100 started the session with virtually no change, at 1471.24 points.
Close to market opening, the following macroeconomic indicators for Europe were published:, the core CPI (YoY) of Eurozone in August (2.8%).
The IBEX opened with virtually no change, at 11694.1 points. The best performers at the beginning of the day have been MAPFRE (+1.375 %), BANCO SABADELL (+0.557 %) and TELEFÓNICA with a change of (+0.484 %) on its values respectively. The worst performers at the beginning of the day have been INDRA (-1.633 %), GRIFOLS (-1.607 %) and FERROVIAL with a change of (-1.039 %) on its values respectively.