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Spain Overtakes U.K. as Europe's Worst Stock Market After Vote
Just as Spanish stocks were starting to rally toward this year’s highs, a coalition with an anti-austerity political party is dampening the mood once more. The benchmark IBEX 35 Index is down 2.5% since Sunday’s vote that left the ruling Socialists weaker, forcing them to seek a coalition with an erstwhile foe. Only last week, the measure rose to a six-month high and traders poured the most money since June into an exchange-traded fund tracking the nation’s shares. With the recent spate of losses, Spain has now overtaken the U.K. as the worst-performing equity market in Europe this year. After losing ground in ... (full story)