Not so sunny Spain
- STOXX 600 up 0.2%
- Suspected intervention drives yen
- Philips surges on U.S. settlement
- Wall St futures inch higher
NOT SO SUNNY SPAIN
Spain's Prime Minister, Pedro Sanchez, has said he is staying in the job, after abruptly announcing last week he was considering his future following the launch of a corruption investigation against his wife.
This latest twist might have soothed some nerves among politics-watchers, but the market hasn't taken too kindly to it. Madrid's IBEX index 
IBC is the worst performing market in Europe, down 0.5% on the day, while most other benchmarks sit comfortably in the green.
The weakness is partly down to shares in major lender BBVA 
BBVA giving up earlier gains after upbeat results and in top bank Santander 
SAN trading ex-div.
Spanish bonds 
ES10Y aren't reflecting any investor angst. Yields on the 10-year bono are down nearly 6 basis points on the day at 3.302%, in line with other so-called peripheral bonds, such as Italy's.
The euro 
EURUSD is fairly unruffled, up 0.2% on the day against the dollar, but down sharply against the yen 
EURJPY, as traders cite suspected buying by Japanese authorities.
(Amanda Cooper)
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FOR MONDAY'S OTHER LIVE MARKETS POSTS:
THERE IS STILL TIME TO INVEST IN JAPAN CLICK HERE
FOUR REASONS TO FAVOUR EURO ZONE OVER WALL STREET CLICK HERE
MORE OF THE SAME OR A RETURN TO Q1 FOR MARKETS? CLICK HERE
LAGGARDS PUSH UP THE STOXX, IBEX AWAITS SANCHEZ CLICK HERE
EUROPE SET FOR POSITIVE START TO THE WEEK CLICK HERE
THE YEN'S MYSTERIOUS MOVE CLICK HERE