Spanish stocks fall Friday but close narrowly lower on the week

Closing changes for the day and week:

  • German DAX +0.6%
  • French CAC +0.7%
  • Spain IBEX -1.45%
  • Italy MIB -0.6%
  • UK FTSE +0.25%

On the week:

  • German DAX +1.7%
  • French CAC +2.3%
  • Spain IBEX -0.25%
  • Italy MIB +1.4%
  • UK FTSE +-0.2%

In US dollar terms, however, everything was lower on the week except France.

There has been some heavier volatility in Spanish stocks lately but even there it’s not particularly impressive. The market just doesn’t care about Catalonia. If that’s all local stocks can muster then it’s an almost complete non-factor for EUR traders.

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