• The “No”‐vote in the Scottish referendum boosted sentiment on equity markets today, although European shares reversed part of their gains during the session. US Equities opened in positive territory, jumping to ever new highs boosted by optimism on the Alibaba IPO.

  • The President of the north‐eastern Spanish region of Catalonia said today he would sign a decree law to call a vote on independence from Spain on 9 November. Spanish Prime Minister Rajoy vowed however to prevent that such a referendum would take place. ,

  • The ECB announced today that banks will repay almost €20 billion in crisis loans to the ECB next week. The amount was sharply more than expected and also significantly more than repaid in the previous weeks.

  • French President Hollande confirmed today that his country had carried out air strikes in Iraq, which completely destroyed a logistic depot belonging to Isis in the Northeast of Iraq, stepping up its commitment to fight against Islamic State.

This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.

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