You are here: Home » International » News » Markets
Business Standard

Spanish stocks, financials tumble on Catalan separatist gains; IBEX down 1%

Spain's 10-year borrowing costs rose 5 basis points to a one-month high of 1.52 per cent in early trades, before settling back at 1.49 per cent

Reuters  |  LONDON 

Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan separatists wanting to break away from Spain won a regional election. Separatist parties won a slim majority in the parliament of the wealthy Spanish region of Catalonia, a result that looks likely to prolong political tensions which have damaged Spain's economy and prompted a business exodus from the region. The result battered Spanish stocks, with Spain's IBEX falling as much as 1.1 per cent as European bourses opened. Financial stocks were the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 22 2017. 15:15 IST
RECOMMENDED FOR YOU