The Spanish economy continues its positive course owing to a strong services sector and a booming tourism industry. Additionally, the labor market has ample room for job creation. Ángel Gavilán, Director General of Economy of the Bank of Spain, has hinted that the institution will once again revise its economic projections upwards. Furthermore, the survey indicates a strong commencement of Q4. However, it’s not all rosy; the bank believes that tragic events will have a negative impact on the economy and that per capita economic growth still lags behind the Eurozone. In other events, the regional government approved a budget of €4.1 million for the reconstruction of a sports pavilion damaged by Storm Filomena.

The Brent is finishing the session with an increase of 1.61%, to reach the 75.58 dollars per barrel. The gold closed this session with losses of (-2.01)%, diminishing its price to 2676.5 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session lost (-2.99) %, going back to 4795.35 points. the DAX ended the session losing (-2.64) % going back to 19035.52 points, the FTSE 100 finished with losses of (-1.65)%, going back to 8160.53 points, and the EURONEXT 100 by the end of the day lost (-2.51)%, going back to 1443.32 points.

Throughout the day the following indicators indicators for Europe have been published:, the Composite PMI of Eurozone in October (50.0).

The IBEX closed with losses of (-2.32 %) to get to 11492.1 points. The best performers of the day have been ACERINOX with a (+0.726 %), IAG GROUP with a (+0.226 %) and LOGISTA with an change of (+-0.208%) on its values respectively. The worst performers of the day have been ACCIONA ENERGIA with a (-3.908 %), ACCIONA with a (-3.876 %) and SACYR with a change of (-3.721 %) on its values respectively.