- Spain's ruling Popular Party lost its parliamentary majority in elections Sunday, leaving Prime Minister Mariano Rajoy struggling to avoid becoming the latest European leader to be ousted after pushing through unpopular austerity policies.
- The elections - which saw the country's two establishment parties lose significant ground to two upstarts (the anti-austerity Podemos movement and the centrist Ciudadanos faction) - could pose serious challenges and produce a parliament so fragmented under a newborn minority or coalition government.
- Spain's IBEX 35 Index -2.8%.
- Previously: Spain heads to the polls (Dec. 20 2015)
- ETFs: EWP, QESP, HEWP