The Spanish economy displayed subdued activity as both exports and imports shrank. On an annual basis, there was a nearly 1% decline in exports, indicating a weakening demand for Spanish goods abroad. Concurrently, imports also contracted, falling by 1.7%. This reduction in import volume might be signalling a decreased domestic demand, which could potentially be a warning sign for the health of the overall Spanish economy. Indeed, the performance of exports and imports are important economic indicators, often reflecting the strength of a country’s industrial and consumer sectors. Therefore, these figures suggest that Spain’s economic growth might be under some pressure. Further analysis and future data points will be needed to determine if this is potentially a longer-term trend or a short-term anomaly in the Spanish economy.

The Brent opened with virtually no change, at a price of 74.56 dollars per barrel. The gold opened the session with virtually no change, at a price of 2633.3 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4918.36 points. The DAX 30 started the session with virtually no change, in 18857.23 points, the FTSE 100 started the session with virtually no change, at 8278.93 points, and the EURONEXT 100 started the session with virtually no change, at 1487.91 points.

Close to market opening, the following macroeconomic indicators for Europe were published:, the Trade Balance of Spain in July (-3.20B). Throughout the day the following indicators will be published: the Producer price index of Germany in August.

The IBEX opened with virtually no change, at 11806.9 points. The best performers at the beginning of the day have been CAIXABANK (+0.845 %), GRIFOLS (+0.794 %) and BANKINTER with a change of (+0.78 %) on its values respectively. The worst performers at the beginning of the day have been SOLARIA (-1.99 %), ACCIONA ENERGIA (-1.507 %) and ACCIONA with a change of (-1.084 %) on its values respectively.