Spreadex Market Update
Euro shares down
The Spanish Ibex fell 1.5% and the Italian MIB 2% as a corruption scandal in Spain escalated and uncertainty ahead of an Italian election posed a threat for future growth. Spanish Prime Minister Mariano Rajoy denied wrongdoing in a growing corruption scandal on Saturday which threatens his credibility.
Brent crude was also on the decline as renewed talks between western governments and Iran spurred speculation that last week’s gains were excessive.
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