The Spanish economy is currently enjoying a significant growth phase, standing out among its European counterparts. Small businesses have been integrating AI into their operations, with 9% incorporating specific solutions, surpassing the European average. Additionally, Spanish commerce has been advancing, suggesting potential growth in the broad non-food distribution sector, despite a general slowdown at the European level. A nuanced assessment reveals that the economic damage caused by DANA in Valencia and surrounding provinces will likely subtract a slight tenth from Spain’s fourth-quarter GDP growth. On the inflation front, preliminary data from the National Institute of Statistics (INE) sets November’s Consumer Price Index (CPI) at an annual 2.4%, marking a slight increase. Furthermore, Spanish wages are projected to continue their rising trend, with an average increase of 3.2% expected next year, as per a study by Michael Page.
The Brent is finishing the session with an increase of 0.43%, to reach the 72.31 dollars per barrel. The gold closed this session with losses of (-0.06)%, diminishing its price to 2665.8 dollars per ounce. Now, regarding equity, the EURO STOXX 50 at the end of the session lost (-0.21) %, going back to 4758.97 points. the DAX ended the session gaining 0.17 % reaching 19422.82 points, the FTSE 100 finished with losses of (-0.15)%, going back to 8278.25 points, and the EURONEXT 100 by the end of the day lost (-0.17)%, going back to 1429.86 points.
Throughout the day the following indicators indicators for Europe have been published:, the core CPI (YoY) of Germany in November (2.4%).
The IBEX closed with losses of (-0.21 %) to get to 11619.3 points. The best performers of the day have been ARCELORMITTAL with a (+1.156 %), CELLNEX with a (+1.073 %) and IAG GROUP with an change of (+1.0%) on its values respectively. The worst performers of the day have been GRIFOLS with a (-6.897 %), BANCO SANTANDER with a (-1.184 %) and CAIXABANK with a change of (-0.933 %) on its values respectively.