Spanish Shares Fall After Vote as Greek Stocks Drop Second Day
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Equity markets in Spain and Greece fell, dragging European stocks lower as holidays across the region curbed trading volume.
The IBEX 35 Index dropped 2 percent after local Spanish elections showed support for parties seeking to overturn the political establishment. The FTSE MIB Index of Italy, where anti-austerity sentiment is also on the rise, slid 2.1 percent. Greece’s ASE Index lost 3.1 percent as the government is priming investors for another cliffhanger on June 5.