Cross-domain signals19thin · 2 src2 sources

Country risk0OSINT0

NEUTRAL

48Signal Score · /100

4028

Signals 7d

0%

Market Gap

↑86%

Signal Trend

↓ Export Brief ⇄ Compare

Spain signals are stable with no significant trend. 4028 events monitored over the past 7 days. No actionable thesis at this time.

Ground Conditions

Threat level

Critical

7504/wk · base 4028

Signal trend

86%

30-day baseline

Market Implication

Thesis score

48 /100

neutral

How strong is the investment case

Market gap

−0%

vs. model value

Signal activity is broadly in line with current market pricing — no material divergence detected.

Investment thesis strength

NEUTRAL

Threat signal intensity

72h window

Thesis components

0/30

15/25

8/25

10/20

Total: 33/100Methodology →

Sentiment↓

48/100 · Top 65% of 303 countries · ⓘ

Score Trend (30d)

Industries

Opportunities(3)

Utilities↓12% sig39WATCH

Financials↓86% sig100NEUTRAL

Energy↓89% sig62REDUCE

Risks

Industry posture computes once companies have scores

Companies

Opportunities(3)See all →

SANBanco Santander SA🇪🇸↓86% sigENTRY BBVABanco Bilbao Vizcaya Argentaria SA🇪🇸↓86% sigENTRY IBDRYIberdrola S.A.🇪🇸↓12% sigEARLY

Risks

No tracked companies for this country yet

1 company not shown — bearish sector posture

Investment Thesis

Spain signals are stable with no significant trend. 4028 events monitored over the past 7 days. No actionable thesis at this time.

What drove this? →

Supporting signals

9/104/21/2026

Reports of tensions in San Salvador [5 sources]

→ Details

9/104/21/2026

El Salvador reported tensions in El Salvador [5 sources]

→ Details

⚠ Political coalition fragility ⚠ Housing-cost crisis spilling into consumption

Structural Risk Indicators

Partial

Debt / GDP

90.4%

% of GDP

Cautionary

FX Reserves

—

months import cover

No Data

Fiscal Balance

+0.4%

% of GDP

Sustainable

Current Account

+1.5%

% of GDP

Stable

Debt Service

—

% of exports

No Data

IMF WEO + World Bank data · Annual/quarterly release cadence · Not real-time crisis indicators · Updated Sep 2026

US-listed funds with exposure

EWPiShares MSCI Spain ETF100% · Single-country VGKVanguard FTSE Europe ETF~9% weight · Broad EM/DM IEURiShares Core MSCI Europe ETF~8% weight · Broad EM/DM

📡 News clusters · 72hAll 4028 →

⚔️Military11

Spain reported tensions with Tourist in Spain [4 sources]

sig 8.511 signals

🗳Political9

Reports of tensions in San Salvador [5 sources]

sig 8.59 signals

🎯 Key scenariosAll →

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📈 Key stocksAll →

▲ Opportunities

Banco Bilbao Vizcaya Argentaria SA

Market Pricing Analysis

Market gap0%

Signal trend (7d)↑ 86% vs 7d avg

Recommended actionNEUTRAL

Score Breakdown — 48 / 100

Signal trend (direction + momentum)0 / 30

Market pricing gap15 / 25

Source quality + recency8 / 25

Macro / sector tailwind10 / 20

Total48 / 100

Key Opportunity Signals

✦Reports of tensions in San Salvador [5 sources]✦El Salvador reported tensions in El Salvador [5 sources]✦Reports of tensions in El Salvador [5 sources]

Key Risk Factors

⚠Political coalition fragility ⚠Housing-cost crisis spilling into consumption

Top Company Opportunities

SANBanco Santander SA

90ENTRY

BBVABanco Bilbao Vizcaya Argentaria SA

84ENTRY

IBDRYIberdrola S.A.

31EARLY

1 additional company suppressed — their industry is currently REDUCE/AVOID/EXIT. Why?

Recent Signals

9/14/2026

9/13/2026

🇪🇸 Spain

Industries

Companies