Merlin and Colonial, two leading companies in Spain, are considering relocating if the government decides to scrap the Real Estate Investment Trust (REIT) scheme, which allows them to pay a 1% corporate tax rate, as opposed to the general 25% rate. On an environmental note, Spain’s economy emitted 287.7 million tons of greenhouse gases in 2023, a decline of 5.5% compared to 2022 and nearly 40% since data collection began in 2008. Meanwhile, a recent report by EY Insights and EsadeEcpol presented a bimonthly analysis of Spain’s economic landscape. Spanish Agriculture, Fisheries, and Food Minister, Luis Planas, has commended Spain for its strong position in the global agri-food industry. He encourages further efforts to become a world leader in food-related technology production and trade to enhance competitiveness and sustainability.

The Brent opened with virtually no change, at a price of 72.42 dollars per barrel. The gold opened the session with virtually no change, at a price of 2616.2 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4757.33 points. The DAX 30 started the session with virtually no change, in 19113.4 points, the FTSE 100 started the session with virtually no change, at 8051.86 points, and the EURONEXT 100 started the session with virtually no change, at 1434.38 points.

Close to market opening, the following macroeconomic indicators for Europe were published:, the CPI (YoY) of USA in October (3.3%). Throughout the day the following indicators will be published: the CPI (YoY) of Portugal in October., the core CPI (YoY) of USA in October.

The IBEX opened with virtually no change, at 11416.2 points. The best performers at the beginning of the day have been MELIÁ HOTELS (+2.128 %), SOLARIA (+1.709 %) and GRIFOLS with a change of (+1.177 %) on its values respectively. The worst performers at the beginning of the day have been ACS (-0.904 %), IAG GROUP (-0.877 %) and AENA with a change of (-0.405 %) on its values respectively.