Spain is gradually emerging as a key target for foreign investment, ranking as the eleventh globally and third in Europe in terms of direct foreign investment. In line with reports from Funcas, a substantial 57.9% of Spain’s Gross Domestic Product (GDP) is fueled by foreign capital, a figure surpassing those of France and Germany. The Spanish economy is showing robust growth, with 2.9% growth in 2024 anticipated by the General Council of Economists (CGE), stimulated by a thriving Q2 and an invigorated external sector, notwithstanding slow private consumption growth. The International Monetary Fund (IMF) aligns with this upbeat projection, attributing it to the economy’s diversification, bolstered domestic consumption, and the resilience of key sectors, implying sturdy, sustainable growth for Spain in 2024 and beyond.

The Brent opened with virtually no change, at a price of 75.65 dollars per barrel. The gold opened the session with virtually no change, at a price of 2766.7 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4943.69 points. The DAX 30 started the session with virtually no change, in 19440.5 points, the FTSE 100 started the session with virtually no change, at 8317.02 points, and the EURONEXT 100 started the session with virtually no change, at 1486.23 points.

Close to market opening, the following macroeconomic indicators for Europe were published: the Consumer confidence of Eurozone in October (-12.5).

The IBEX opened with virtually no change, at 11853.4 points. The best performers at the beginning of the day have been SOLARIA (+2.092 %), IAG GROUP (+1.49 %) and SACYR with a change of (+1.48 %) on its values respectively. The worst performers at the beginning of the day have been BANKINTER (-1.343 %), CELLNEX (-0.95 %) and INDITEX with a change of (-0.697 %) on its values respectively.