Spanish risk premium increases by 7% in a day and the Ibex35 has sixth consecutive day in the red

Catalan MonitorNews Roundup

Photo: Madrid Stock Exchange (from Wikipedia)

By S.C.
November 8th, 2017

The general strike in Catalonia has had a direct impact on the perception of economic solvency of Spain. This Wednesday, the risk premium increased to 114.4 points, up 7% in a single day. Also, the Ibex-35 had its sixth consecutive session with losses over 3%, all in the context of uncertainty arising from manifestations and protests around Catalonia and, in particular, of the international impact of allegations of President Carles Puigdemont and the rest of his Government members in exile in Belgium.

Experts agree that market indicators will not stabilize until the results of the elections on December 21st are known, and that results, at least in the case of financial markets, hold some possibility of recovery of institutional normality.

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