Spain's equity market finished the trading day lower on Thursday, with the IBEX 35 ending the session down 1.97% in Madrid. A broad-based decline was led by the Financial Services & Real Estate, Consumer Services and Chemical, Petroleum & Plastic sectors.
Among the winners on the index, Logista (BME:LOG) outperformed, closing up 4.09% or 1.30 points at 33.06. ArcelorMittal SA (BME:MTS) gained 2.99% or 1.42 points to finish at 48.98, while Indra A (BME:IDR) advanced 2.31% or 1.08 points to close at 47.88.
On the downside, Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) registered the steepest drop, falling 8.81% or 1.93 points to 19.98 at the close. Caixabank SA (BME:CABK) declined 4.12% or 0.47 points to end at 10.94, and Banco de Sabadell SA (BME:SABE) slipped 3.77% or 0.13 points to 3.26.
Market breadth was negative in Madrid: falling stocks outnumbered advancing ones by 119 to 73, while 16 issues finished unchanged. Notable milestones during the session included Logista reaching all-time highs as it rose 4.09% to 33.06, and ArcelorMittal climbing to five-year highs after its 2.99% gain to 48.98.
Commodity markets moved lower on the day. Gold Futures for April delivery eased 1.07% or 52.94 to $4,897.86 a troy ounce. In energy markets, crude oil for March delivery dropped 2.49% or 1.62 to $63.52 a barrel, and the April Brent contract traded down 2.51% or 1.74 to $67.72 a barrel.
Currency markets showed modest shifts. EUR/USD was effectively unchanged, moving 0.03% to 1.18, while EUR/GBP rose 0.79% to 0.87. The US Dollar Index Futures was higher by 0.18% at 97.66.
Taken together, the session reflected pressure on bank and consumer-exposed names within the IBEX 35, while select industrials and logistics-related stocks outperformed. The movements in commodities and the dollar add context to the market backdrop that accompanied the equity declines.