Madrid Stocks Down for 4th Day

The IBEX 35 index edged lower to close at 8,304 on Wednesday, failing to break a streak of three consecutive days of decline, tracking a cautious mood across global bourses.

Increased recessionary concerns amid the prospect of continued restrictive monetary policies by major central banks were weighing on market sentiment, curbing some optimism about China's easing Covid-19 policy.

Meanwhile, the eurozone economy grew 0.3% on quarter in the three months to September, up from the 0.2% expansion previously estimated, but slowing from 0.8% in the previous period.

Among single stocks, ArcelorMittal (-2.4%) and Repsol (-2.3%) were the main draggers.