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Country risk, from the local press

Spain · Country watch

Ibex 35 Climbs, Ceuta Military Rules, Diesel Prices

Spain's Ibex 35 index rises, new military rules in Ceuta, and diesel prices surge, affecting business conditions.

· · 8 sources

The picture Mixed

Business conditions in Spain show a mixed trend. The Ibex 35 index rose, indicating market resilience, but rising diesel prices and new military rules in Ceuta present challenges for logistics and security sectors. These developments suggest a complex environment for businesses in the coming week.

In this briefing Ministry of Defence (Spain) · Ceuta · Ibex 35 · Diesel fuel · Europe

Regulation

  • defence
  • public-sector

Ceuta military allowed pepper spray use in specific cases

Headquarters of the Spanish Ministry of Defence, at 109 Paseo de la Castellana (an avenue) in Tetuán district in Madrid.
Headquarters of the Spanish Ministry of Defence, at 109 Paseo de la Castellana (an avenue) in Tetuán district in Madrid. Luis García, CC BY-SA 3.0 via Wikimedia Commons

The Spanish Ministry of Defence has clarified the situations in which military personnel deployed in Ceuta can use pepper spray, according to Libertad Digital. The Asociación de Tropa y Marinería Española (ATME) welcomed the instructions but reiterated their demand for military personnel to be recognized as law enforcement agents, as during the pandemic. This move comes amid ongoing tensions in Ceuta, where security measures are being heightened.

Impact Defence contractors and public-sector employers in Ceuta adjust to new security protocols amid ongoing regional tensions.

Sources: Libertad Digital ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • finance

Ibex 35 reaches 19,700 points amid oil pressures

Spain's Ibex 35 index rose by 0.95% this week, reaching 19,700 points, despite pressures from rising oil prices and bond yields, according to Invertia.com. The Brent crude oil price increased by more than 1.5% over the past five days, but the index managed to navigate these challenges. The performance suggests resilience in the Spanish stock market amid external economic pressures.

Impact Investors in Spanish equities see a positive week as the Ibex 35 index gains despite oil price pressures.

Sources: Invertia.com ↗

  • energy
  • logistics

Diesel prices surge in Europe, impacting Spain

Diesel prices in Europe are rising due to high dependency on external markets, with potential U.S. export restrictions looming, LaVanguardia.com reports. The U.S. is considering a 90-day export restriction for electoral reasons, which could exacerbate the situation. This price surge impacts logistics and transportation sectors in Spain, increasing operational costs.

Impact Logistics companies and transport operators in Spain face higher costs as diesel prices rise.

Sources: LaVanguardia.com ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Spain

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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