Election Surprise in Spain, Weak PMI Data, and Looking Ahead to This Week’s Monetary Policy Announcements and Many Corporate Earnings Reports

Based on late May local election results and opinion polls, Spain’s center-right parties were expected to return to power at the national level. A Socialist-led coalition headed by Pedro Sanchez had ruled since mid-2018 captured only 122 seats, falling short of the 176-seat threshold to command a parliamentary majority. However, due largely to a seat […]