No Quick Fix For Catalonia Crisis

When Spanish Prime Minister Mariano Rajoy forced an election in the rebel region of Catalonia, the aim was to halt the political chaos after a declaration of independence by separatists that reverberated across Europe.Instead, more upheaval looks set to emerge. It’s going to be tough to discern any real winner from the vote on Thursday following a campaign riddled with mutual suspicion and infighting.The final polls before a blackout period began on Dec. 16 showed the three parties pushing to break away from Spain may win the slimmest of majorities in the 135-seat parliament in Barcelona. The likelihood of securing more than 50 percent of the vote is more remote, though, as is an agreement on who might actually form a government.

Source: Catalonia’s Post-Crisis Election Looks Messy – Bloomberg

Tax Reform Spurs Santa Rally

CAC Steady, Investors Await US Tax Reform Votes

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.