Monday, 9 October 2017

European Markets Open in Green

Posted by suhani varma on Monday, October 09, 2017 with No comments


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European markets open in green on Monday’s trade. Investors are keeping a close watch on political developments in Spain and a meeting of European finance ministers in Luxembourg.

CAC 40 Index trades higher by 18 points and DAX is up by 38 pts. FTSE is trading lower by 3 points.

The pan-European Stoxx 600 was 0.2% higher with most of the sectors moving in positive territory.

Meanwhile, Spanish Prime Minister Rajoy is contemplating at stripping Catalonia’s autonomy and calling for fresh local elections if the leadership pursues independence. Catalan government is expected to address the region’s parliament tomorrow and it needs to be seen whether independence would indeed be declared.


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