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As you mentioned in your question, it seems that Spain is preparing to initiate the “Phase 1” of the reopening plan as the death toll continues to drop. 

This phase is the second step as a part of the four-phase reopening plan. What investors are hoping is that the expected opening of theaters, restaurants, gyms, bars, museums and hotels will provide a boost for the economy. 

However, please note that the country’s two biggest cities – the capital Madrid and Barcelona – will remain in the “Phase 0” stage.

Spain’s benchmark stock market index, IBEX 35, closed the previous week around 2% lower, As said earlier, the investors will be hoping for the much-needed surge in the business activity to mitigate the losses from March and April. 


Edited by James Byrnes
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