The trading session on Thursday at the European trading floors is characterized by opposite trends in stock indices. The main reason for such different dynamics is the crisis in Spain, caused by the position of the authorities of the autonomous province of Catalonia. Experts express the opinion that this crisis will most strongly influence tomorrow, during the Friday trading session.  
By the end of the first half of the Thursday’s trading session, the composite index of the largest enterprises in the region, Stoxx Europe 600, had succumbed to the trend and dropped by 0.1%, to the mark of 389.86 points. The UK stock index FTSE 100 has been more stable under these conditions and added 0.2% so far, the French stock index CAC 40 has slightly strengthened, gaining 0.1%, while the main German DAX index has decreased by 0.1%.


The surprise came from the side where no one had expected positive signals. The Spanish stock index IBEX 35 has sharply appreciated by 0.9% after the collapse by 2.9% during the Wednesday’s trading session. Such a significant increase within one trading session has been the highest result for a period of more than 13 months. This has happened despite the statements of Carles Puigdemont, who heads the Cabinet of the Autonomous Province of Catalonia, which announced yesterday that the region could proclaim independence at the beginning of following week. The statement of Carles Puigdemont contains harsh words addressed to the King of Spain Felipe VI, whom he accused of supporting the central government of the country, to the detriment of the interests of the inhabitants of the region. The members of the central government of Spain, for their part, have completely rejected the possibility of Catalonia's independence in such conditions.

IBEX 35 Index

Another important event of this day is the publication of the protocol of the last meeting of the European Central Bank (ECB) heads. At this meeting, the ECB leadership has discussed extremely important aspects of the monetary policy for the euro area. Market players want to get an idea of how the situation with the support of the markets will develop in the future and how it will affect the quotations of the euro.
Today, the stock market has been distinguished by the fact that the consolidation of the positions of the mining companies’ securities was fixed. For example, the value of Glencore shares has been appreciated by 1.8%. The Anglo American quotations have added 1.5%, while the Rio Tinto has been appreciated by 0.8%.
The cost of the air carrier EasyJet's securities has sharply been appreciated by 1.3%, thanks to signals that the company's passenger flow increased by 11% last month compared to the same period in 2016.
The value of the German Osram Licht AG shares has been depreciated by 0.6% amid news that Siemens AG sold the remaining 18.155 million securities (17.4%) to institutional investors for 1.2 billion euros. As a result, the Siemens concern securities have also been depreciated by 0.2%.
The securities value of the English company Merlin Entertainments Plc, which manages popular tourist sites such as Legoland and Madame Tussauds Attractions, has been appreciated by 1.7% after the appearance of signals indicating that the company intended to acquire various assets of the American company SeaWorld Entertainment. The British stock market is now on the rise due to weaker pound positions relative to the US dollar. In addition, the metal prices appreciation is affecting it.
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