Recent economic data from the National Institute of Statistics (INE) and the Bank of Spain suggests a moderate growth trajectory for the Spanish economy, albeit with potential risks that may hinder this progression. In the job market, there is a notable increase (29.27%) in job placements for electrical, electronics, and telecommunications engineers. The Spanish agri-food industry navigates numerous challenges in an increasingly competitive and globalised market. Interestingly, Spain’s recent purchases from China have surged, reaching €45 billion per year, highlighting a key trade partner. However, reciprocal buying from China has stagnated. Further, Spain’s energy sector is making its debut as a biometane trader to replace the country’s industrial natural gas, following several agreements to establish renewable gas production plants. This is indicative of Spain’s commitment towards sustainable and renewable energy sources.
The Brent is finishing the session with losses of (-0.36)%, going down to 71.63 dollars per barrel. The gold finished the session with an increase of 0.34%, quoting at 2527.4 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session gained 0.36 %, reaching 4778.86 points. the DAX ended the session gaining 0.33 % reaching 18423.83 points, the FTSE 100 finished with gains of 0.37 %, reaching 8258.85 points, and the EURONEXT 100 by the end of the day gained 0.34 %, reaching 1452.48 points.
The data of the following indicators was not published: the investor confidence of Eurozone in September.
The IBEX closed the session with an increase of 0.42 % to reach the 11267.8 points. The best performers of the day have been ACCIONA ENERGIA with a (+1.84 %), IBERDROLA with a (+1.365 %) and LABORATORIOS ROVI with an change of (+1.356%) on its values respectively. The worst performers of the day have been MERLIN PROPERTIES with a (-1.125 %), GRIFOLS with a (-0.789 %) and CELLNEX with a change of (-0.646 %) on its values respectively.