The Spanish economy is in flux with several significant developments in both the labor market and industry. The aging Spanish population, with over half of its employed population aged 45 and above, reflects a low birth rate and longer life expectancy. This demographic shift has profound implications on labor market dynamics and overall economic growth. On the industry front, the significant involvement of Spain in the tourism sector of Mexico has seen Spanish tourists contribute $412 million to the Mexican economy in 2023, a 15.5% increase from 2018. This makes Spain the fifth largest source of tourists for Mexico. In the healthcare industry, Galenicum Health has wrapped up the purchase of four dermatology brands from Ferrer España; a move poised to double their product portfolio. These activities illustrate a dynamic Spanish economy adapting to demographic changes while expanding its industrial footprint.
The Brent opened with virtually no change, at a price of 72.32 dollars per barrel. The gold opened the session with virtually no change, at a price of 2681.6 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 5053.71 points. The DAX 30 started the session with virtually no change, in 19438.38 points, the FTSE 100 started the session with virtually no change, at 8324.02 points, and the EURONEXT 100 started the session with virtually no change, at 1499.99 points.
Close to market opening, the following macroeconomic indicators for Europe were published:, the core CPI (YoY) of Italy in September (0.8%). Throughout the day the following indicators will be published: the Trade Balance of Eurozone in July.
The IBEX opened with virtually no change, at 11969.6 points. The best performers at the beginning of the day have been ACERINOX (+1.645 %), CAIXABANK (+1.067 %) and ARCELORMITTAL with a change of (+1.066 %) on its values respectively. The worst performers at the beginning of the day have been IAG GROUP (-1.847 %), INDRA (-1.548 %) and MERLIN PROPERTIES with a change of (-1.295 %) on its values respectively.