The Ibex (+ 0.6%) consolidates 9,100 points despite the IAG profit warning

Among the selective, the increases in Endesa (+ 2%) and Ferrovial (+ 1.9%) and the falls in IAG stand out, falling 3% after cutting their forecasts for 2019 due to the negative impact of the British Airways strike and the lower activity in its low-cost subsidiaries, mainly Vueling and Level.

BBVA was also news (+ 0.6%), as it negotiates the sale of the 'Operation Chamartín', a large real estate development in Madrid, to the socimi Merlin Properties. In the Continuous Market, Renta 4 has purchased the personal banking division of BNP Paribas for an undisclosed amount.

Regarding the growth prospects of Spain, Bankinter has highlighted vulnerability as a main element. Thus, these analysts have cut their forecasts for the country's growth and have warned, like many others, that time is running out for structural reforms.

"Increases close to 2% and even lower will be the new normal. We revised down our 2019/2021 GDP estimates to 2.0%; 1.7% and 1.6% from 2.2%, 1, 9% and 1.7%, "they said from the bank. In the debt market, the profitability of the 10-year Spanish bond remains at 0.16%, while the Spanish risk premium rebounds up to 74 points.

Regarding the calendar of macro data of the day, the GfK index of consumer climate in Germany has remained at 9.9 in October compared to the expected and previous 9.7. In the US, the GDP of the second quarter has been disclosed, which has remained at 2%, in line with expectations.

And in the forex market, the euro has touched 28-month lows at its cross against the dollar. The community currency was trading at $ 1.0921, a price not seen since May 2017, although now 0.05% is fell in value ever so slightly, down to $ 1.0934.