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

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.