The Spanish economy anticipates a preliminary growth of 0.4% in the second quarter and a projected annual growth rate between 2.2% and 2.6% for the year. This moderate expansion reflects a resilient economic environment amidst evolving market conditions. Additionally, fiscal policy adjustments have notable implications on individual taxpayers, with the increase in minimum wage resulting in higher income tax payments for single and married individuals without children. Consequently, public revenues are expected to exceed 1,000 million euros, reflecting a substantial fiscal inflow. Market activities, particularly in sectors like electronic commerce, have also been influenced by key corporate adjustments, including those by major players like Mercadona, which signal shifts in consumer and business dynamics within the Spanish economy. This multifaceted economic landscape underscores a period of adjustment and growth, with significant impacts on both public finances and market trends.
The Brent is finishing the session with losses of (-0.56)%, going down to 75.85 dollars per barrel. The gold finished the session with an increase of 0.13%, quoting at 2920.0 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session lost (-0.01) %, going back to 5407.19 points. the DAX ended the session gaining 0.16 % reaching 22142.61 points, the FTSE 100 finished with gains of 0.26 %, reaching 8808.41 points, and the EURONEXT 100 by the end of the day lost (-0.1)%, going back to 1572.67 points.
Throughout the day the following indicators indicators for Europe have been published: the Industrial Production of Italy in December (-3.1%). The data of the following indicators was not published: the CPI (YoY) of Portugal in January., the Core CPI (YoY) of Portugal in January., the CPI (YoY) of USA in January., the Core CPI (YoY) of USA in January.
The IBEX closed the session with an increase of 0.4 % to reach the 12910.7 points. The best performers of the day have been REPSOL with a (+1.898 %), BANCO SANTANDER with a (+1.693 %) and BBVA with an change of (+1.186%) on its values respectively. The worst performers of the day have been SOLARIA with a (-2.012 %), MERLIN PROPERTIES with a (-1.899 %) and ACCIONA with a change of (-1.897 %) on its values respectively.