Reuters/Darrin Zammit LupiHere is what you need to know.
Spanish prime minister Mariano Rajoy lost his majority. Prime Minister Mariano Rajoy’s People’s Party won 123 out of 350 seats, losing its majority. Although still a victory, the results were a disappointment from the 186 seats the party claimed in the previous election. Rajoy must now form a coalition government. The anti-austerity Podemos party (We Can) made big gains, winning 69 seats. Spain’s 10-year yield is up 7 basis points basis points at 1.77%.
Brent crude oil hit its lowest level in more than a decade. Early selling dropped the energy component to …read more
Source: Business Insider
