European bourses go down as banks and Spain suffer from Catalonia crisis

European bourses go down as banks and Spain suffer from Catalonia crisis

On Wednesday, European equities slid notwithstanding a fresh set of record maximum overnight on Wall Street, with Spanish as well as banking equities suffering from the everlasting Catalonia crisis. Meanwhile, after a bank holiday Germany's DAX was catching up, driven by firm car stocks.

The pan-European STOXX 600 index decreased 0.1%, Spain's IBEX sank 0.9% because being very sensitive to political risks banking equities slid.

Catalonia-headquartered Banco Sabadell suppressed the IBEX, losing 2%.

Spanish financial institutions put pressure on the common euro zone banking index SX7E, making it dip 1.2%.

Secessionist leaders were accused by King Felipe VI of violating democratic principles. Experts consider this accusation to be an evident sign that the crisis is getting more serious.  

Energy shares SXEP slid 0.4%, also suppressed because crude prices went down.

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