The Ibex rises strongly after Puigdemont's speech
The President of the Generalitat declared independence to immediately suspend it
- Puigdemont seeks dialogue while Mariano Rajoy studies the answer
- The CUP gives the President of the Government a month to negotiate and does not rule out leaving the Catalan Parliament
The good news is that there was no declaration of independence, but a substitute that today is qualified in all possible ways. The bad, uncertainty continues to be tremendous ... even higher, and that the problem is going to spread even more in time, which, according to experts, is not at all good for the Ibex (nor for the ' mental health 'of a country that is exhausted in this situation).
IBEX 35
19.542,300
-
1,01%194,90
- Max: 19.575,30
- Min: 19.338,10
- Volume: -
- MM 200 : 17.099,22
Given this, the selective, for the moment, reacts with strong increases (+ 1.4%) celebrating, in the short term, the 'good news'. However, the outlook is more than complicated and what is certain is that volatility will continue to be very present on this day (and the next) before the celebration of the Day of Hispanity held on Thursday.
"It seems that politicians in Catalonia expect to force some kind of mediation, despite Madrid's insistence that Spain is indivisible and that the referendum is illegal." With the EU turning a blind eye to what they call an internal affair, despite of the use of violence against voters by the police, tensions are likely to remain high", CMC Markets analysts warn.
"For several days, Catalan politicians have been pressured by companies and banks, which are taking preventive measures to secure their business, and that could have triggered the more cautious approach of last night. Spanish government would be reckless if it hid the head under the sand ", add these experts.
