Despite global uncertainty, Spain’s economy has shown signs of stability since 2023, according to market reports. However, BBVA Research’s chief economic analyst suggests that the yet-to-be-completed fiscal consolidation could shave 3 to 4 tenths off the country’s annual GDP. Spain’s labor market combines the EU’s highest unemployment rate with the lowest proportion of job vacancies, at just 0.9% of existing positions. Moreover, a report conducted by the Ministry of Economy suggests heavy bureaucratic burdens affect nearly two million companies employing ten million workers. Meanwhile, 2021 and 2022 have seen drastic changes in Spain’s fashion industry. After years of being one of the five largest markets for fashion in Europe, the Spanish fashion industry now ranks third in online sales. Lastly, the country has seen significant increases in the stock market, with prices nearing their historic 2021 peaks.
The Brent reaches mid-day with an increase of 1.05 %, to reach the 77.72 dollars per barrel. The gold until mid-day has had an increase of 0.22 %, quoting at 2634.0 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.07 %) until mid-day, going back to 4975.99 points. The DAX 30, with a (-0.03 %) loss until mid-day, is going back to 19240.49 points, the FTSE 100 has lost (-0.16 %) until mid-dat, going back to 8237.05 points, and the EURONEXT 100 has been losing (-0.18 %) until mid-day, going back to 1485.34 points.
Throughout the day the following indicators indicators for Europe have been published:, the CPI (YoY) of USA in September (2.4%). In addition, during the day the following indicators will be published: the Industrial Production of Italy in August., the core CPI (YoY) of USA in September.
Up until mid-day, the IBEX has got a decrease of (-1.08 %), to get to 11636.3 points. The best performers until the mid-day have been ARCELORMITTAL (+0.178 %), ACERINOX (+0.0 %) and REPSOL with an change of (+-0.084 %) on its values respectively. The worst performers until the mid-day have been ACCIONA (-3.526 %), REDEIA (-3.333 %) and GRIFOLS with a change of (-2.386 %) on its values respectively.