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Massive power outage strikes Spain and Portugal - MarketWatch

1. A massive power outage affected millions across Spain and Portugal. 2. Disruptions included traffic, transportation, and telecommunications services. 3. Restoration efforts are ongoing, with gradual recovery reported by grid operators. 4. Trading continued on Madrid's stock exchange; IBEX 35 rose 0.5%. 5. Gibraltar and certain islands remained unaffected by the blackout.

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FAQ

Why Bullish?

Despite the blackout, IBEX 35 showed resilience with a positive movement. Historically, markets can recover quickly after disruptions if the impact is managed well.

How important is it?

The blackout's impact on infrastructure could affect economic productivity but was handled swiftly. The positive market response signals confidence in recovery.

Why Short Term?

Immediate recovery post-blackout indicates limited long-term effects. The market often rebounds rapidly from temporary disruptions, as seen in previous outages.

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