Spain economy in focus after Sanchez win

|About: iShares MSCI Spain Capped ETF (EWP)|By:, SA News Editor

For the third time in four years, Spaniards have elected a new government and although Prime Minister Pedro Sanchez will most probably remain in office, how he gets there is the key question.

While a pact with liberals Ciudadanos would be seen as a positive for investors, a partnership with anti-austerity party Podemos and Catalan pro-independence parties may be a less market friendly option.

Spain's Ibex 35 is only up 11% this year, making it one of Europe's worst performing stock indexes


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