The Spanish government is facing criticism from energy companies, banks, and business associations over new tax proposals for their sectors. Critics argue that the taxes will impact Spanish competitiveness. The conflict arises as the government’s commitment towards presenting a Royal Decree-law to tax large energy companies surfaces. This approach is deemed necessary to gain parliamentary support for fiscal reforms. Furthermore, Spain’s significant economic drivers continue to raise concerns over the potential impact of these tax changes on the national economy. Meanwhile, the Organisation for Economic Co-operation and Development (OECD) reported a steady expansion rate of 0.5% for its Gross Domestic Product (GDP) between July and September, exceeding the growth observed in the previous quarter. The consistent economic growth may suffer due to the emerging tax disputes.

The Brent opened with virtually no change, at a price of 73.55 dollars per barrel. The gold opened the session with virtually no change, at a price of 2668.3 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4696.83 points. The DAX 30 started the session with virtually no change, in 18928.41 points, the FTSE 100 started the session with virtually no change, at 8070.85 points, and the EURONEXT 100 started the session with virtually no change, at 1416.8 points.

Throughout the day the following indicators will be published: the Consumer confidence of Eurozone in October.

The IBEX opened with virtually no change, at 11540.7 points. The best performers at the beginning of the day have been ACCIONA ENERGIA (+1.275 %), ACERINOX (+0.944 %) and ACCIONA with a change of (+0.782 %) on its values respectively. The worst performers at the beginning of the day have been SOLARIA (-2.109 %), MERLIN PROPERTIES (-2.043 %) and INMOBILIARIA COLONIAL with a change of (-1.69 %) on its values respectively.