{"id":29090,"date":"2017-12-22T07:21:28","date_gmt":"2017-12-22T12:21:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=29090"},"modified":"2017-12-22T07:21:28","modified_gmt":"2017-12-22T12:21:28","slug":"this-is-groundhog-day-spanish-stocks-battered-by-catalan-vote-bitcoin-crashes","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=29090","title":{"rendered":"“This is Groundhog Day”: Spanish Stocks Battered By Catalan Vote, Bitcoin Crashes"},"content":{"rendered":"

“This is Groundhog Day”: Spanish Stocks Battered By Catalan Vote, Bitcoin Crashes<\/a><\/h3>\n
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Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan secessionists delivered an unexpected blow to the government of Spanish PM Rajoy by winning the Catalan regional election. Meanwhile across the Atlantic, U.S. equity futures and the dollar rose on the last trading session before the Christmas holiday. The MSCI index of world stocks was flat.<\/p>\n

Europe’s Stoxx 600 Index traded sideways as Spain\u2019s Ibex 35 underperformed, dropping as much as 1.6%. Spanish stocks dominated Europe’s biggest fallers, confirming analyst expectations that any shake-out from the Catalonia vote would be mostly confined to Spain. Spain’s bonds also fell along with peripheral European government debt, though bunds were little changed after a selloff this week drove yields to five-week highs.\u00a0 For those who missed it, Catalan separatist parties triumphed in regional elections, outperforming some polls and reigniting Spain\u2019s political trauma<\/a>. While the Euro has stabilized since, it suffered a mini flash crash in the illiquid aftermath of the Catalan election news, momentarily dipping to $1.1817 before trimming losses to last stand at $1.1853, down 0.2 percent.<\/p>\n

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\u201cThis is Groundhog Day, we have been here<\/strong>,\u201d said Christopher Peel, chief investment officer at Tavistock Wealth. \u201cI just don\u2019t think the Spanish government can do anything other than come to the table now.\u201d He added that thin liquidity due to the holidays could be accentuating what he called a kneejerk reaction on the IBEX. \u201cLikely there\u2019s some hedge funds leaning on it, but in terms of long-only money I don\u2019t think there will be much movement now.\u201d<\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

“This is Groundhog Day”: Spanish Stocks Battered By Catalan Vote, Bitcoin Crashes Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan secessionists delivered an unexpected blow to the government of Spanish PM Rajoy by winning the Catalan regional election. Meanwhile across the Atlantic, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4174,8851,8641,743,4318],"class_list":["post-29090","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bitcoin","tag-catalan-independence","tag-mariano-rajoy","tag-spain","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29090"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29090\/revisions"}],"predecessor-version":[{"id":29091,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29090\/revisions\/29091"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}