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Referendum in Catalonia seriously affected the Spanish stock exchange

Spanish stock exchange

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The major European stock exchanges ended their first trading session in October mostly on green territory, but the Spanish IBEX index fell by 1.21% due to growing political concerns following the referendum on independence of Catalonia on Sunday.
The pan-European Stoxx 600 closed with growth of 0.37%, with most sectors remaining on positive territory. The UK index FTSE 100 rose by 0.90% to 7,438.84 points, while the German DAX 30 increased by 0.58% to 12,902.65 points and French CAC 40 expanded by 0.39% to 5,350.44 points.
The referendum in Catalonia has created serious shocks in Spain. The local government has announced that 90% of people have voted in favor of the region’s independence, while the national government considers the referendum illegal. More than 800 people were injured during clashes with the police, which tried to block the vote.
In Europe as a whole, the shares of public companies kept their positive trend after the release of new data. Eurozone makers reported their most successful month in September since 2011. The IHS Markit’s Purchasing Managers Index (PMI) reached 58.1 points last month, from 57.4 in August.
The unemployment in the Eurozone remains at its lowest level since February 2009. In August, its level was 9.1% versus 9.9% an year earlier.
Among the most successful stocks on Monday were those of the tourism industry. This happened despite the news that the British airline Monarch stopped flights due to bankruptcy procedure. Among the winners of this decision is the competitive EasyJet, which shares rose by more than 5% and reached the top of the Stoxx 600.
Ubi Banca’s stock also closed with a significant price increase of 4.33% after Societe Generale’s rating rose.
The shares of the French maker of pens Bic fell by nearly 10% after the company lowered its sales forecast this year.