The Spanish stock market is open in decline after the triumph of socialism in the presidential election

The main European stock exchanges opened Monday with slight losses after the triumph of the Socialist Party (PSOE), led by Pedro Sánchez, in the general elections in Spain. he must choose between the left and the moderates to negotiate a coalition to form a government.

The IBEX 35 index of the Spanish stock market fell by 0.84% ​​to 9425.70 points, while the German DAX achieved 0.31%, reaching 12277.13 points.

On the other hand CAC 40 french It was down 0.27% to 5554.14 points and the FTS100 The British lost 0.22% to 7412.06 points. The Stoxx 600, the European index, recorded a decline of 0.31% and stood at 389.8 points.

The falls are still moderate in the face of uncertainty about which coalition will succeed in negotiating the PSOE, who got 123 seats after the triumph. In a congress composed of 350 deputies, it is necessary to get at least the vote of 176 legislators to invest a new president, which would be headed by Pedro Sánchez, acting president.

In this way, the PSOE has two options. It can seal an alliance with the anti-system force of Podemos with other small left parties or separatists such as Esquerra, JxCat and Euskal Herria Bildu, according to a center-left coalition.

Or you can join the liberal and nationalist Ciudadanos party, create a center coalition. This option has already been rejected by the hardest wing of the PSOE, but This is the most valuable investor, who fear above all the presence of Podemos in a possible government of Pedro Sánchez.

Behind is the People's Party, it has only 66 seats, up from 137 in 2016, and is not seeking to form a coalition government with other center-right forces.

It is expected that the trading day, especially on the Madrid stock market, follow this Monday conditioned by the elections on Sunday and monitor the various messages and winks that the PSOE can send, although the results of companies such as Bankia and BBVA are also expected, reported The reason.

During the atomized elections in Spain, the far-right VOX party, which won 24 seats, also had its place.