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Spanish stocks lead Europe lower as Catalonia dispute intensifies
European markets declined on Wednesday, with Spanish stocks leading the way south after Catalonia officials reiterated their pledge to declare independence in coming days. The Stoxx Europe 600 index SXXP, -0.17% fell 0.2% to 390.10, on track to break a nine-day winning streak, its longest since July 2015. “Spanish politics is acting as a drag on the positive read-across from the record highs on Wall Street. The resolve of regional officials in Catalonia to announce independence from Spain has caught markets off guard,” said Jasper Lawler, head of research at London Capital Group, in a note. “Given their ... (full story)
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