Ángel Gavilán, General Director of Economics at the Bank of Spain, warned about the frequent and persistent supply disruptions on economic activity in the future. It was noted that Spain’s foreign sector continues to grow, exceeding tourism with significant growth in sales to other countries in consulting, engineering, and telecommunications. The Spanish Chamber of Commerce has raised its growth forecast for Spain’s GDP in 2024 to 3.1%, significantly higher than previous estimates, and also increased its projection for 2025 to 2.1%. Market activity this week has been influenced by various business results as well as the impacts of the US election results. Despite this, the Federal Reserve made a decision to lower interest rates by 25 basis points.

The Brent opened with virtually no change, at a price of 74.57 dollars per barrel. The gold opened the session with virtually no change, at a price of 2694.7 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4834.23 points. The DAX 30 started the session with virtually no change, in 19308.44 points, the FTSE 100 started the session with virtually no change, at 8112.71 points, and the EURONEXT 100 started the session with virtually no change, at 1450.35 points.

Close to market opening, the following macroeconomic indicators for Europe were published: the Trade Balance of France in September (-8.3B).

The IBEX opened with virtually no change, at 11552.6 points. The best performers at the beginning of the day have been IAG GROUP (+6.129 %), GRIFOLS (+5.391 %) and SOLARIA with a change of (+3.385 %) on its values respectively. The worst performers at the beginning of the day have been BBVA (-2.526 %), ARCELORMITTAL (-2.272 %) and BANCO SABADELL with a change of (-2.091 %) on its values respectively.