The march of stock market is still conditioned by every step of day in Catalonia. Today, first day of stock market after application of article 155 of Constitution and call for regional elections on 21 December, investors applauded Generalitat's intervention by central government. Led by securities such as Banco Sabadell, Grifols, Colonial or CaixaBank, Ibex has closed day with a rise of 2.44%.
Today's climb is second largest of month and third of year. The first was given on October 5, when it was known that large Catalan entities moved ir social headquarters in Barcelona to Valencia (CaixaBank) and Alicante (Banco Sabadell). The or more bulky rise of 2017 was given on April 24, when Ibex rose 3.76% to rejest of victor of Emmanuel Macron in French presidential elections.
Last Friday, after vote in Parlament of unilateral Declaration of independence, reaction of stock exchange was opposite. It lost 1.45% and among worst treated values appeared entities of Catalan origin: Sabadell and CaixaBank.
The rise of Spanish selective index has been largest of European markets, where re have been disparate results on Monday. The Eurostoxx and German Dax have advanced slightly. The Cac 40 French and Dutch AEX lost some hundredths.
In Spanish parquet, profits were widespread. Only Indra has closed day in red. The rest of values have ended day gaining ground.
Also during day risk premium has been well behaved. This indicator, which marks difference between profitability of German bonds at 10 years and Spaniards, has fallen to almost nine basic points, to 112.8 points. The same has happened with titles of countries such as France, Portugal, Italy and Ireland.