Italian stock markets finished the session in negative territory on Tuesday, led by declines in the Utilities, Financials and Industrials sectors that pushed the Investing.com Italy 40 down 3.84% to a fresh one-month low at the close in Milan.
On a stock-by-stock basis, Lottomatica Group SpA (BIT:LTMC) was among the few gainers, advancing 3.32% - up 0.68 points to end the day at 21.14. Recordati (BIT:RECI) also closed higher, adding 1.35% or 0.64 points to reach 47.96. Leonardo SpA (BIT:LDOF) slipped slightly, falling 0.48% or 0.28 points to close at 57.94 late in the session.
By contrast, a number of names posted significant losses. Moncler SpA (BIT:MONC) declined 6.47%, a drop of 3.66 points to finish at 52.92. Italgas SpA (BIT:IG) fell 6.30% - down 0.70 points to close at 10.41 - and A2A SpA (BIT:A2) lost 6.08% or 0.15 points, ending the day at 2.35.
Market breadth on the Milan Stock Exchange was decisively negative, with 662 issues falling versus 170 advancing and 28 ending unchanged.
Commodities and currencies
Energy markets showed strong gains in the session. Crude oil for April delivery rose 6.71%, gaining 4.78 to trade at $76.01 a barrel. Brent for May delivery likewise climbed 6.71% - up 5.22 - to $82.96 a barrel. In contrast, the April Gold Futures contract fell 4.04%, a decline of 214.76, to trade at $5,096.84 a troy ounce.
In FX markets, the euro weakened against the dollar, with EUR/USD down 0.81% at 1.16. EUR/GBP was essentially unchanged, moving 0.11% to 0.87. The US Dollar Index Futures strengthened 0.83% to 99.16.
This trading day left the Italian benchmark at a lower level, reflecting sector-led selling and a market environment where commodity and currency moves were also significant contributors to price action.