Oliver Q
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Spanish stock futures rally as Madrid takes control of Catalonia

Spanish stock futures rallied on Monday morning after the central government in Madrid imposed control of Catalonia following an independence declaration by the region's separatist leader Carles Puigdemont. Futures for the IBEX 35 index jumped 1.5% to 10,331. The IBEX 35 index IBEX, +1.40% on Friday slid 1.5% after the Catalan parliament voted for a resolution to declare independence, although members of anti-independence parties walked out in protest before the vote. Immediately after, the Spain government then voted in favor of invoking Article 155, which strips Catalonia of its autonomous powers. On Monday, traders were waiting to see if Puigdemont and other ousted ministers will turn up at their offices and whether the Catalan leader will be arrested for rebellion.

via marketwatch.com