The elections in Spain and the crisis in Greece beat the … – Telam

Spanish analysts understood at the end of the day as investors took positions after the election results yesterday, which surprised by a greater impulse can the predicted and generated uncertainty after failing in the regions achieved the majority needed to govern.
In this post electoral climate, the country risk on the rise around 120 basis points, the Spanish index was finally at 11322.30 points.

According to data provided after the counting of votes, the Popular Party (PP) have won the elections, the Spanish Socialist Party (PSOE) would be the second largest party and can be placed as the third political force.

But while the PP won in percentage of votes, municipal elections . and regional, held to seven months in general, confirm a strong wear of Prime Minister Mariano Rajoy, whose leadership may be affected

Among the main European markets, fell half a percentage point Paris and Milan – 2.09%, while the celebration of Pentecost did not operate Frankfurt and London.

As the session progressed, doubts about the future of Greece stressed losses in Europe, which also led to the IBEX 35 to plummet by more than 2%.

Among the main European markets, fell half a percentage point Paris and Milan -2.09%, while the celebration of Pentecost not operated Frankfurt and London

Although the Greek government said today that the agreement with partners is very close and that the payment of salaries and pensions later this month is not in question, there is fear that a default resulting in bankruptcy the Hellenic country has fueled the losses in European indexes.

Although investors still regard the Hellenic country will continue within the euro area, the recent statements of Athens on the difficulties paying their debts Immediate brought nervousness to the streets.

Meanwhile, the markets on Wall Street remained also closed today’s session due to the celebration of “Memorial Day,” while the lack of transactions in several European markets for holiday got much less volume to the day.

Despite not having operated, the decline in European equity markets also seems to reflect losses on Wall Street Friday after President Federal Reserve Janet Yellen suggested a possible rate hike later this year.

With this unusual day traders recommended to wait to assess more accurately the market response to the new electoral landscape Spanish which would be necessary to wait until the end of the week so we can have a greater comparative sample.