SPAIN DAYBOOK: Spain

Spain’s National Statistics Institute will publish industrial production data for July.

WHAT TO WATCH:

*Spanish Prime Minister Jose Luis Rodriguez Zapatero will host a weekly cabinet meeting.

ECONOMY:

*The statistics institute will publish unadjusted and workday-adjusted industrial production data for July.

*Funcas, the research arm of Spain’s savings bank association, cut its forecast for 2011 growth to 0.7 percent from 0.9 percent and said the Spanish economy may “practically stagnate” in the second half of this year.

MARKETS:

*The IBEX 35 Index (IBEX) jumped 2.8 percent to 8,156.60.

*The spread between Spanish and German 10-year borrowing costs narrowed to 309.75 basis points from 334.06 basis points.

To contact the reporter on this story: Charles Penty in Madrid at cpenty@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.