Italian stocks ended the trading session lower on Wednesday, with sector losses in Financials, Industrials and Healthcare pushing the market down at the close in Milan. The Investing.com Italy 40 index closed down 1.31%.
Top gainers included Eni SpA (BIT:ENI), which advanced 3.66% or 0.75 points to finish at 21.25. Saipem SpA (BIT:SPMI) climbed 3.18% or 0.14 points to end the day at 4.55, and Tenaris SA (BIT:TENR) rose 2.60% or 0.61 points to settle at 24.05.
Biggest declines were concentrated among several notable names. Stellantis NV (BIT:STLAM) led the losers, sliding 5.78% or 0.29 points to close at 4.70. Fincantieri SpA (BIT:FCT) fell 3.88% or 0.49 points to 12.02, while Brunello Cucinelli (BIT:BCU) dropped 3.83% or 3.14 points to finish at 78.82.
Market breadth in Milan tilted toward the downside, with 496 stocks falling versus 211 advancing. Another 48 issues ended unchanged.
Stellantis shares moved to five-year lows during the session, declining 5.78% to 4.70 at the close.
Commodities trading saw notable moves that accompanied equity action. Crude oil for August delivery rose 7.28% or 5.13 to $75.57 a barrel. Brent oil for September delivery gained 7.79% or 5.78 to $79.94 a barrel. By contrast, the August Gold Futures contract declined 2.59% or 107.88 to trade at $4,049.52 a troy ounce.
In currency markets, EUR/USD was unchanged 0.11% at 1.14, while EUR/GBP was unchanged 0.18% at 0.85. The US Dollar Index Futures was up 0.21% at 100.99.
This session's price action reflected contrasting moves across commodities and stocks, with energy-related equities among the better performers as oil prices jumped, while select industrial and consumer names underperformed and weighed on the index.