Spain will also hold general elections by the end of the year, with polls pointing to a very fragmented parliament and a complicated governance. This will likely have an impact on confidence amongst companies, investors, consumers and institutions, as well as damage the country’s economic recovery and its stock market’s performance.
Link Securities analysts think this market trend will remain until there is more clarifaction on the political front, which could mean the Spanish stock market will continue to have a comparatively worse performance than other European markets.
*Image: Foter / jamazoka
