In the latest Spanish economy and market news, major real estate companies Merlin and Colonial are contemplating exit plans if the Spanish Government decides to repeal the SOCIMIs regime, which presently enables them to pay a corporation tax of 1% vs the standard rate of 25%. Meanwhile, Spain’s greenhouse gas emissions for 2023 have dropped by 5.5% compared to 2022, marking a reduction of almost 40% since tracking began in 2008. According to a bi-monthly report, ‘MacroInsights’, published by EY Insights and EsadeEcpol, the Spanish economy shows steady progress. Mealwhile, Luis Planas, Minister of Agriculture, Fishing and Food, seeks to enhance Spain’s standing on the global stage by becoming a leading figure in food production technology to heighten both competitiveness and sustainability.

The Brent reached mid-day with losses of (-0.03 %), going down to 72.26 dollars per barrel. The gold until mid-day has had an increase of 0.11 %, quoting at 2618.0 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has lost (-0.32 %) until mid-day, going back to 4738.2 points. The DAX 30, with a (-0.43 %) loss until mid-day, is going back to 19019.04 points, the FTSE 100 has lost (-0.33 %) until mid-dat, going back to 8014.82 points, and the EURONEXT 100 has been losing (-0.37 %) until mid-day, going back to 1428.25 points.

Throughout the day the following indicators indicators for Europe have been published:, the CPI (YoY) of USA in October (2.6%).

Up until mid-day, the IBEX has got a decrease of (-0.3 %), to get to 11389.9 points. The best performers until the mid-day have been UNICAJA (+0.603 %), MERLIN PROPERTIES (+0.423 %) and TELEFÓNICA with an change of (+0.244 %) on its values respectively. The worst performers until the mid-day have been CELLNEX (-1.718 %), IAG GROUP (-1.124 %) and SOLARIA with a change of (-0.916 %) on its values respectively.