Spain’s economy is demonstrating solid growth, expanding by a robust 3% this year, with National GDP now 5.7% higher than in the final quarter of 2019—exceeding the 4.2% displayed by the Eurozone. A reassessment of the Spanish economy by the Bank of Spain, accounting for updates made by the National Institute of Statistics (INE), found that Spain’s economy is less reliant on exports to major global players like the USA and China. This could provide a level of safeguarding against anticipated global tariff disputes. The Bank of Spain also calculated that, by Q2 2024, Spanish GDP was 5.7% above pre-pandemic levels, surpassing the performance of the whole Economic and Monetary Union, which didn’t exceed 4.2%. Furthermore, Spanish manufacturing activity continued to grow, albeit at a slightly slower pace, in November.

The Brent opened with virtually no change, at a price of 72.37 dollars per barrel. The gold opened the session with virtually no change, at a price of 2657.9 dollars per ounce. Now, regarding equity, the EURO STOXX 50 started the session with virtually no change, at 4777.68 points. The DAX 30 started the session with virtually no change, in 19599.07 points, the FTSE 100 started the session with virtually no change, at 8281.61 points, and the EURONEXT 100 started the session with virtually no change, at 1428.96 points.

Close to market opening, the following macroeconomic indicators for Europe were published:, the GDP (QoQ) of Italy in Q3 (0.0%). Throughout the day the following indicators will be published: the manufacturing PMI of USA in November.

The IBEX opened with virtually no change, at 11676.3 points. The best performers at the beginning of the day have been UNICAJA (+2.381 %), ENDESA (+1.784 %) and FERROVIAL with a change of (+1.384 %) on its values respectively. The worst performers at the beginning of the day have been GRIFOLS (-2.855 %), INMOBILIARIA COLONIAL (-0.733 %) and BBVA with a change of (-0.671 %) on its values respectively.