European shares stay near highs as Spanish sell-off eases

MILAN : European shares hovered around three-month highs on Tuesday as a sell-off in Spanish stocks eased and financials gained following another record-breaking session on Wall Street.
The pan-European 600 index was flat, while Spain's blue chip index  added 0.1 percent as Madrid and Catalonia appeared to carefully weigh their next steps following Sunday's independence referendum, which the central government has declared illegal.
Catalonia's secessionist leader called for international mediation while Spanish Prime Minister Mariano Rajoy said he was seeking a joint response to the crisis after meeting leaders of other political parties.
Catalonia-based banks Sabadell and Caixa traded up 0.3 percent and 1.5 percent respectively, having both been hit hard by concerns surrounding Spain's worst constitutional crisis in decades.