But it helped Spanish markets hit in recent days by the uncertainty.The court said it had agreed to consider a legal challenge filed by the anti-secessionist Catalan Socialist Party. Spanish shares and bonds, which have been hit by the political turmoil in Catalonia, strengthened after the news of the Constitutional Court's decision. Spain's Economy Minister Luis de Guindos told Reuters in an interview the turmoil was damaging Catalonia. "This is generating uncertainty that is paralysing all investment projects in Catalonia. Prime Minister Mariano Rajoy called on Catalan leader Carles Puigdemont on Thursday to abandon plans to unilaterally declare independence from Spain or risk "greater evils".

Source: Economic Times October 05, 2017 15:22 UTC