Spain’s economy is on an upward trajectory with continuous revisions for growth, as noted by Carlos Cuerpo from Commerce and Company. The Spanish Stock Exchange recently reached a new annual high, surpassing 11,800 points, influenced by Wall Street, European markets, and China’s economic stimulations. The Spanish Government has upgraded its growth forecast for the forthcoming years, projecting a GDP growth of 2.7% for 2024, up by 0.3%, and 2.4% and 2.2% for 2025 and 2026 respectively, up by 0.2% each year. This revised macroeconomic table was updated by the Council of Ministers. The government also anticipates a decrease in the unemployment rate to 10% and the creation of 500,000 jobs annually. Furthermore, the Spanish service sector increased production by 5.2% year-on-year in July, marking a positive rebound.

The Brent reaches mid-day with an increase of 2.23 %, to reach the 75.77 dollars per barrel. The gold until mid-day has had an increase of 0.15 %, quoting at 2656.3 dollars per ounce. Now, regarding equity, the EURO STOXX 50 has gained 0.13 % until mid-day, reaching 4947.36 points. The DAX 30, with a (-0.03 %) loss until mid-day, is going back to 18972.18 points, the FTSE 100 has lost (-0.14 %) until mid-dat, going back to 8289.08 points, and the EURONEXT 100 has been gaining 0.05 % until mid-day, reaching 1489.53 points.

Throughout the day the following indicators indicators for Europe have been published: the Ifo business confidence index of Germany in September (85.4).

Up until mid-day, the IBEX has got a decrease of (-0.32 %), to get to 11808.1 points. The best performers until the mid-day have been REPSOL (+0.763 %), MELIÁ HOTELS (+0.756 %) and BANCO SANTANDER with an change of (+0.584 %) on its values respectively. The worst performers until the mid-day have been MERLIN PROPERTIES (-1.905 %), GRIFOLS (-1.763 %) and CELLNEX with a change of (-1.537 %) on its values respectively.