Spanish equities finished the trading session lower on Thursday, with the IBEX 35 sliding 1.38% at the close in Madrid. The decline was driven by weakness in sectors tied to Consumer Services, Building & Construction and Financial Services & Real Estate.
Among individual contributors, Grifols SA (BME:GRLS) was the session's strongest performer on the IBEX 35, gaining 1.96% or 0.20 points to finish at 10.41. Amadeus IT (BME:AMA) also posted a positive result, adding 1.86% or 0.98 points to close at 53.74. Enagas (BME:ENAG) advanced 0.58% or 0.09 points to end the day at 14.66.
On the downside, ArcelorMittal SA (BME:MTS) registered the steepest drop among the benchmark constituents, falling 6.56% or 3.47 points to trade at 49.41 at the close. Indra A (BME:IDR) declined 4.11% or 2.65 points to finish at 61.85. International Consolidated Airlines Group S.A. (BME:ICAG) slipped 3.87% or 0.17 points to end at 4.27.
Breadth on the Madrid Stock Exchange was tilted toward the downside, with 121 declining issues versus 72 advancing, and 12 stocks unchanged.
Commodities and currencies
Gold Futures for April delivery moved lower, down 0.78% or 40.29 to $5,094.41 a troy ounce. In energy markets, Crude oil for April delivery climbed 6.50% or 4.85 to $79.51 a barrel, while the May Brent oil contract rose 3.89% or 3.17 to trade at $84.57 a barrel.
In foreign exchange trading, the euro weakened versus the dollar, with EUR/USD down 0.46% to 1.16. EUR/GBP was essentially unchanged, moving 0.05% to 0.87. The US Dollar Index Futures gained 0.52%, trading at 99.24.
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Readers should consider the market moves and sector impacts reported above when assessing positions tied to consumer discretionary activity, construction-related firms and real estate and financial services exposures.