Landslide win for the conservative party in Spain. Clear majority - no need for coalition partners. 186 seats from 350, according to Bloomberg.
A positive note to start the week. Bond markets should like it. Will our market respond?
"From a market standpoint, an absolute majority for the PP is just what the doctor ordered," Nicholas Spiro, managing director of Spiro Sovereign Strategy in London told Bloomberg. "We will now see to what extent domestic policy reforms, even if ambitious and swiftly enacted, can help turn sentiment around."
