Spain EUR

Spain National Day

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

Spain's National Day, or "Día de la Hispanidad," measures national pride and the country's identity, serving as a significant cultural and historical event. It emphasizes themes of unity and heritage, focusing on the events of October 12, 1492, when Christopher Columbus arrived in the Americas, and reflects on Spain's global influence, though it does not have specific economic quantifiable indicators associated with it.

Frequency

Spain National Day is celebrated annually on October 12th and does not have regular economic data reporting.

Why Do Traders Care?

Although Spain National Day itself may not directly impact financial markets, it can affect investor sentiment regarding Spain as a tourist destination and its cultural branding. During prolonged celebrations, economic activities may slow down, influencing short-term market performance during this period.

What Is It Derived From?

The significance of Spain National Day is derived from various cultural and historical narratives rather than quantitative data. This day has evolved through legislative recognition and societal observance celebrating Spain's identity and global contributions.

Description

Spain National Day does not generate measurable economic reports; however, it serves as a reminder of Spain’s historical context, impacting sectors such as tourism and national pride. Its observance could potentially affect economic evaluations of Spain's cultural market and public sentiment towards Spanish nationalism.

Additional Notes

While Spain National Day does not typically provide economic indicators, it may correlate with increased domestic and international travel, impacting sectors like retail and tourism. The event is a cultural marker rather than a leading, coincident, or lagging economic measure, although its implications might influence consumer behavior in the short term.

Bullish or Bearish for Currency and Stocks

This section is not applicable as Spain National Day does not produce quantifiable financial data for assessment.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Oct 12, 2019
Oct 12, 2018