Strong UK Data Buoys the FTSE while Catalonia Fears Which on Eurozone Stocks

European yields are mixed, with gilts underperforming as the FTSE 100 outperformed as a robust UK data added to BoE rate hike speculation. In the Eurozone investors remain more cautious and markets are volatile, as Spain’s Catalonia crisis remains in focus. The Spanish IBEX extends losses on Catalonia, with the stocks selling off in brisk trade, after reports that Catalonia’s regional leader will hold a press conference today. The EU meanwhile continues to back Madrid and repeated that the referendum was not legal, while the central government in Madrid is reportedly readying forces to intervene in Catalonia. In Asian markets closed mostly higher. The Topix climbed to the highest since 2007, Hong Kong stocks also posted a fresh 10 year high underpinned by developers, and the CSI 300 recovered intermittent losses and closed up 0.20%. The ASX meanwhile moved sideways as the local currency strengthened and oil prices moved up from lows.

Continue reading: https://www.iforex.com/news/strong-uk-data-buoys-ftse-while-catalonia-fears-which-eurozone-stocks-43107

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