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Spain’s on Edge Over Catalonia’s Rebellion — So Are Investors

  • Spanish stocks fall, yields rise as traders assess scenarios
  • Some see prospect of slow-burning period of instability
Bloomberg business news

King Felipe Calls Catalan Leaders' Conduct Unacceptable

As Spain confronts its Catalonian rebellion, investors are staring down a decision on whether to bet on a peaceful resolution to the secession upheaval or prepare for the consequences if the region splits off.

For some, it’s reminiscent of the early stages of the euro-zone debt crisis, when investors found themselves reading up on the ins and outs of Greek politics and EU treaty articles to gauge the probability of a political and economic shake-up and its likely effects.