– Stock indexes in Western Europe on Monday, multidirectional change, while Spain is the leader growth, despite the ongoing debate about the independence of Catalonia.
The composite index of the largest enterprises of the region Stoxx Europe 600 by 12:20 GMT almost unchanged, amounting to 393,34 points. Over the weekend Europe switched to winter time, trading in most countries in the region now begin at 11:00 GMT.
Britain’s FTSE 100 lost 0.2% amid strengthening of the pound. The French CAC 40 and the German DAX was almost unchanged, the Swedish OMX Stockholm 30 was down 0.2%. Spain’s IBEX 35 jumped by 1.7% and rose above 50-day and 200-day moving averages.
The Central Spanish government dissolved the Parliament and sent to the regional government to resign, the elections are expected to be held in December. Sunday in Barcelona, capital of Catalonia, held a mass demonstration organized by opponents of the independence of the region.
Spanish GDP rose in the third quarter by 0.8% relative to the previous 3 months and 3.1% in annual terms. The consumer price index of Spain, calculated according to the standards of the European Union, increased in October by 1.7% in annual terms, after rising 1.8 percent a month earlier.
To some extent the optimism in the region’s markets supports the fact that the Agency S&P Global Ratings has upgraded the credit ratings of Italy. In addition, the President of the United States Donald trump has promised to nominate the following heads of Fedreserve the end of the day this Friday, when it will begin its 11-day tour of Asia.
In Spain the most significant growth rates show banks are: Banco Santander – 2.1% CaixaBank – 4.4%, BBVA up 2.3%.