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Spanish banks and utilities stocks hit as election unnerves investors

Por um escritor misterioso
Last updated 16 maio 2024
Spanish banks and utilities stocks hit as election unnerves investors
Spain faced political gridlock on Monday after right-wing parties failed to clinch a decisive victory and no clear winner emerged in Sunday's national election. Madrid's IBEX 35 equity benchmark index fell as much as 1.8% in early trading and was last down 0.7%. "The generalised falls are due to the fact that the market is expecting either a weak government or an election ahead," said Natalia Aguirre, head of analysis at Renta 4.
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