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Spanish tensions bar Europe from global stocks party

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Oct 4, 2017

Global stock markets hit a record high on Wednesday with investors in exuberant mood in the United States overnight and in Asia, but sentiment in Europe was soured by a political crisis gathering steam in Spain.

Tensions between Madrid and Catalonia have risen since the wealthy region held an independence referendum on Sunday that was tarnished by police violence.

Fallout from those clashes nudged Spanish stocks towards their biggest daily fall in more than a year on Wednesday, in turn dragging down other European bourses.

Catalonia would move as soon as this weekend to declare independence from Spain, the region’s leader said.

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This article was posted: Wednesday, October 4, 2017 at 7:30 am

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