New York — Stocks around the world rose on Tuesday, helped by record highs on Wall Street, although Europe traded cautiously and US treasury yields fell as investors braced for a possible move by Catalonia to unilaterally declare independence from Spain.While oil futures traded higher, the dollar lost ground as the euro climbed to its highest point in a week after Germany’s trade data beat forecasts, and on expectations that the European Central Bank (ECB) may consider scaling back asset purchases.Madrid’s IBEX stocks index was 1% lower due to Spain’s biggest political crisis since an attempted military coup in 1981. The FTSEurofirst 300 index of European stocks was down 0.2%.Catalonia’s secessionist leader Carles Puigdemont was due to address the region’s parliament in Barcelona later on Tuesday and could ask the assembly to vote on a unilateral declaration of independence from Madrid. If Catalonia splits from Spain "it is going to create economic disruption, and that’s bad for the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.