Monday, 30 October 2017

Spanish stock market started the week on a high

Spain's stock market has started the week on a high as investors were cheered by an anti-independence rally and results of a poll ahead of regional elections.
The Ibex - which had fallen sharply on Friday's independence declaration - bounced back with a 1.5% gain in early trading on Monday, amid flat stock market performances elsewhere in Europe.

Catalan banks Caixabank and Sabadell, which have both seen shares under pressure in the wake of the region's disputed referendum, climbed about 3%.

Spain's state-owned lender Bankia, which posted a 10% fall in third quarter profits on Monday, saw shares climb nearly 2%.

SKY       News.

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