The Spanish economy continues to grow at a relatively swift pace, surpassing all predictions. The country’s GDP inflated by 0.8% in the first quarter of the year, indicating a robust economic growth. The Minister of Economy, Commerce, and Enterprise, Carlos Cuerpo, praised this growth and the dropping inflation rates as very good news for the country. Predictions from the Government and most analytical institutions suggest that the Spanish GDP will advance by 2.8% overall this year, which is four times more than the average growth of the rest of the European Union economies. Meanwhile, labour market reforms also seem to be in the pipeline with talks underway regarding reducing the weekly work hours from 40 to 37.5 by 2025. However, UGT Union cautioned that these improvements in price trends are not being reflected across all sectors.

The Brent reached mid-day with losses of (-0.2 %), going down to 71.08 dollars per barrel. The gold until mid-day has had a decrease of (-0.1 %), diminishing its price to 2686.6 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has gained 0.17 % until mid-day, reaching 5053.14 points. The DAX 30, with a 0.61 % gained until mid-day, is reaching 19367.54 points, the FTSE 100 has been going up 0.26 % until mid-day, reaching 8319.55 points, and the EURONEXT 100 has been gaining 0.25 % until mid-day, reaching 1502.49 points.

Throughout the day the following indicators indicators for Europe have been published:, the Unemployment rate of Germany in September (6.0%). In addition, during the day the following indicators will be published: the Busines Confidence of Spain in september.

Up until mid-day, the IBEX has got an increase of 0.29 % to reach the 11988.6 points. The best performers until the mid-day have been GRIFOLS (+1.809 %), IAG GROUP (+1.278 %) and REDEIA with an change of (+1.037 %) on its values respectively. The worst performers until the mid-day have been CAIXABANK (-2.481 %), UNICAJA (-2.017 %) and BANKINTER with a change of (-1.212 %) on its values respectively.