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Spanish stocks rally as Catalonia postpones independence declaration

Many major companies express intention to leave Barcelona; Catalan, EU leaders warn of isolation

Mr Puigdemont said, in an ambiguous speech to the Catalan assembly, he considered the referendum "the mandate that Catalonia should become an independent state in the form of a republic".


THE Spanish stock market rallied sharply and the euro appreciated slightly after Catalonia's leader Carles Puigdemont bowed to economic reality.

Several major companies have stated that they intend to leave Barcelona, while Catalan and European Union (EU) leaders warned that...

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