European markets head south

European markets head south

On Friday, European markets started lower because fresh political turmoil in Spain affected market sentiment, while trading volumes were expected to stay thin ahead of the Christmas holiday.

In London, FTSE 100 was expected to conclude at midday, while other European markets were supposed to close shortly afterwards.

The EURO STOXX 50 dived 0.34%, Germany’s DAX 30 tumbled 0.30%, France’s CAC 40 descended 0.30%.

Financial markets were jittery following Thursday’s vote in Catalonia, which gave separatists a win, thus rekindling new worries as for political turmoil in Spain.

On Friday, Catalan leader Carles Puigdemont told that the victory happened to be a win of the "Catalan republic" over Spain.

Financial stocks generally lose. French lender BNP Paribas dived 0.17%. In Germany, Deutsche Bank and Commerzbank went down respectively 0.09% and 0.71%.

FTSE 100 tacked on 0.06%, underpinned by Next PLC, whose equities added 2.08%.

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