Overview of Market Performance#
Spain's stock market experienced a downturn on Thursday, with the IBEX 35 index falling by 2.27%. This decline marks a new three-month low for the index, driven primarily by losses in key sectors such as Telecoms & IT, Building & Construction, and Consumer Services.
Notable Gainers and Losers#
Among the few gainers on the IBEX 35, Repsol saw an increase of 1.43%, closing at 24.79. Naturgy Energy Group also rose slightly by 0.31%, ending at 26.22. In contrast, the biggest loser was Indra A, which plummeted by 12.28% to 50.00. Other significant declines included Cellnex Telecom, down 7.47%, and ArcelorMittal, which fell by 6.19%. Overall, declining stocks outnumbered rising ones by a ratio of 166 to 27, with 17 stocks remaining unchanged.
Commodity Market Updates#
In the commodities market, Gold Futures for April delivery dropped significantly by 6.47%, settling at $4,579.41 per troy ounce. Conversely, crude oil prices saw an uptick, with May delivery crude oil rising by 1.62% to $97.01 per barrel, and the May Brent oil contract increasing by 2.21% to $109.75 per barrel.
Currency Movements#
In currency trading, the euro gained strength against the US dollar, rising by 0.76% to 1.15. The euro remained stable against the British pound, showing a slight increase of 0.13% to 0.86. Meanwhile, the US Dollar Index Futures fell by 0.49%, settling at 99.38.