Spain’s Minister of Economy, Trade and Enterprise, Carlos Cuerpo, announced that the Council of Ministers will approve a new update of the macroeconomic forecasts on Tuesday. Moreover, the average gross salary in Spain saw a growth of 4.1% in 2022, reaching an annual amount of €26,948. Simultaneously, the gender pay gap has decreased to 8.96%. Within the updated three-year macroeconomic framework presented by Carlos Cuerpo, there’s an upward revision of three tenth of the growth forecast for 2024, increasing from 2.4% to 2.7%. Such changes are expected to be approved following the revision of the GDP published by the National Institute of Statistics. This reflects an overall positive trend in the Spanish market and economy.

The Brent reached mid-day with losses of (-0.23 %), going down to 74.54 dollars per barrel. The gold until mid-day has had a decrease of (-0.02 %), diminishing its price to 2646.5 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has gained 0.07 % until mid-day, reaching 4878.78 points. The DAX 30, with a 0.21 % gained until mid-day, is reaching 18805.2 points, the FTSE 100 has been going up 0.14 % until mid-day, reaching 8232.18 points, and the EURONEXT 100 has been losing (-0.02 %) until mid-day, going back to 1474.05 points.

Throughout the day the following indicators indicators for Europe have been published:, the S&P Global Composite PMI of Eurozone in September (48.9).

Up until mid-day, the IBEX has got a decrease of (-0.13 %), to get to 11762.9 points. The best performers until the mid-day have been ENDESA (+1.131 %), ENAGAS (+0.958 %) and MERLIN PROPERTIES with an change of (+0.874 %) on its values respectively. The worst performers until the mid-day have been GRIFOLS (-1.941 %), BANCO SANTANDER (-1.879 %) and IAG GROUP with a change of (-1.865 %) on its values respectively.