Bourses in Europe are forecasted to rise after tensions in Catalonia seemed to smolder away

European Markets

Most of the markets in Europe are widely forecasted to start the day in the green zone on Monday as investors are keeping a closer look at the outcome of European finance Ministers conference in Luxembourg and focusing on Spain’s political instability.

Finance ministers from Eurozone countries, Euro group ministers will meet in Luxembourg on the day. This conference will the last of German Finance Minister Wolfgang Schaeuble. Also happening in the same nation, the stress test results from the European Central bank (ECB) is scheduled to be released at 8:30 a.m. in London.

The ongoing instability on the politics in Spain is starting to smolder away.  Over the weekend, more than thousands of protesters gathered in the capital of Catalonia Barcelona. This is to protest against a movement for renewal independence that has been increasing in steam recently.

Infrastructure firm Abertis and real estate company Inmobiliaria Colonial have both called meeting on Monday to talk about moving their main offices outside the vicinity of Catalonia.

The FTSE 100 in the United Kingdom is widely forecasted to already add as much as 2 points at 7,525 on early Monday and the DAX in Germany is seen to be 21 points up at 12,977.

The CAC 40 in France is expected to be 14 points higher at 5,374. Meanwhile, the IBEX in Spain is forecasted to drop more than 4 points at 10,182.

Outside the market, the fifth round of talks regarding the exit of Britain to the European Union (EU) is set to start this week in Brussels, Germany. Prime Minister Theresa May is highly expected to strengthen her leadership in a speech parliament Monday.


Leave a Reply

Your email address will not be published.