Stocks listed in Spain dropped on Monday, weighing on the pan-European benchmark, as a statement from Catalonia’s leader left investors struggling to understand where the region stands on independence, MarketWatch reports.

In Madrid, the IBEX 35 fell 0.7% to 10,187.40, as only six components moved higher. As the index extended its loss from the open, the broader Stoxx Europe 600 pared its gain to 0.1%, at 391.94.