Madrid Stocks Extend Losses

The IBEX 35 index extended losses to trade slightly below the 8,380 level on Friday afternoon, after two straight sessions of gains, in line with its regional peers.

Market sentiment weakened after a stronger-than-expected US nonfarm payrolls report dashed hopes of policy easing by the Federal Reserve in the coming months.

The latest data indicated the labour market remains strong, however, stronger wage growth could put further pressure on inflation.

At the same time, economic data for Germany and France raised worries about the eurozone's economic outlook.

Among single stocks, utility and energy shares were leading the losses.

The IBEX 35 index is set to close the week about 0.5% lower.