Italy's equity market finished marginally lower on Tuesday, with losses concentrated in Financials, Industrials and Travel & Leisure stocks, pushing the Investing.com Italy 40 down 0.02% at the close in Milan.
Among individual movers, Ferrari NV (BIT:RACE) led the gainers, rising 10.19% or 28.70 points to close at 310.30. Stellantis NV (BIT:STLAM) and Davide Campari Milano SpA (BIT:CPRI) also advanced; Stellantis added 3.40% or 0.21 points to finish at 6.35, while Davide Campari Milano rose 3.36% or 0.21 points to end at 6.52.
On the downside, several financial names registered notable declines. Banca Monte dei Paschi di Siena SpA (BIT:BMPS) fell 3.45% or 0.31 points to close at 8.78. UniCredit SpA (BIT:CRDI) lost 2.66% or 2.09 points to finish at 76.55, and Unipol Gruppo Finanziario Spa (BIT:UNPI) slipped 2.44% or 0.49 points to 19.58 at the close.
Market breadth on the Milan exchange was positive: 445 stocks advanced, 314 declined and 51 ended unchanged.
Commodities and currencies
Energy markets moved lower on the session. Crude oil for March delivery dropped 0.68% or 0.44 to trade at $63.92 a barrel. Brent oil for April delivery fell 0.46% or 0.32 to $68.72 a barrel. Precious metals also eased, with the April Gold Futures contract down 0.66% or 33.45 to trade at $5,045.95 a troy ounce.
In FX, EUR/USD was unchanged 0.13% at 1.19, and EUR/GBP was unchanged 0.13% at 0.87. The US Dollar Index Futures was flat at 96.69, unchanged 0.00%.
Perspective
The session produced a mixed picture: strong performances from select industrial and consumer discretionary names contrasted with pressure in the banking sector. Overall index movement was minimal, and commodities and currency pairs showed only modest intraday variation.