Market confidence rebounded following an opinion poll that revealed pro-independence parties would lose their parliamentary majority with a score of 42.5% if elections were held today. The pro-independence Catalan Parliament party held 72 of 135 seats since the last election on 2015, the Straits Times reports.
Related: Spain ETF: Risks Abound as Catalonia Pushes for Independence
The broader Eurozone region also strengthened on improving economic sentiment. According to the European Commission, economic sentiment rose in October for the fifth consecutive month to its highest level since 2001, confirming the economic recovery of the euro currency bloc after a decade-long economic and financial malaise, Reuters reports.
Data show that “political tensions continue to have little effect on economic sentiment this year”, Bert Colijn, senior economist at ING, told Reuters.
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