Italian stocks moved lower at the close of trading on Tuesday, pressured by declines in Technology, Industrials and Chemicals names. At the end of the session in Milan, the Investing.com Italy 40 index fell 0.88%.
The session's top performers on the Italy 40 were Fincantieri SpA (BIT:FCT), which advanced 2.96% - an increase of 0.36 points to finish at 12.51; Davide Campari Milano SpA (BIT:CPRI), up 2.91% or 0.16 points to close at 5.66; and Hera (BIT:HRA), which climbed 1.01% or 0.04 points to 3.80 by late trade.
At the other end of the board, STMicroelectronics (BIT:STMMI) led losses with an 8.05% drop - a fall of 5.11 points to trade at 58.36 at the close. Prysmian SpA (BIT:PRY) declined 6.60% or 9.45 points to end at 133.80, while DiaSorin SpA (BIT:DIAS) slipped 4.50% or 3.16 points to finish at 67.00.
Market breadth in Milan was negative: decliners outnumbered advancers by 389 to 331, and 44 issues finished unchanged.
Commodities and currencies showed notable moves. Crude oil for August delivery rose 2.86% - up 1.96 to trade at $70.51 a barrel. Brent oil for September delivery gained 2.97% or 2.14 to reach $74.13 a barrel. The August Gold Futures contract was down 0.32% - a decline of 13.29 - to trade at $4,154.21 a troy ounce.
In foreign exchange markets, EUR/USD was unchanged at a 0.16% move to 1.14, while EUR/GBP was unchanged at a 0.05% move to 0.85. The U.S. Dollar Index Futures ended the session up 0.13% at 100.75.
Market context and takeaways
- Italy 40 declined 0.88% at the close, led by Technology, Industrials and Chemicals sector weakness.
- Fincantieri, Davide Campari Milano and Hera were the session's top gainers, while STMicroelectronics, Prysmian and DiaSorin recorded the largest losses.
- Energy commodities strengthened - both U.S. crude and Brent rose - while gold futures edged lower; the U.S. dollar futures were slightly firmer.
Detailed session stats
- Investing.com Italy 40 -0.88% at close.
- Fincantieri SpA (BIT:FCT): +2.96% to 12.51.
- Davide Campari Milano SpA (BIT:CPRI): +2.91% to 5.66.
- Hera (BIT:HRA): +1.01% to 3.80.
- STMicroelectronics (BIT:STMMI): -8.05% to 58.36.
- Prysmian SpA (BIT:PRY): -6.60% to 133.80.
- DiaSorin SpA (BIT:DIAS): -4.50% to 67.00.
- Decliners 389 - Advancers 331 - Unchanged 44.
- Crude (August) $70.51 - up 2.86% or 1.96.
- Brent (September) $74.13 - up 2.97% or 2.14.
- Gold (August Futures) $4,154.21 - down 0.32% or 13.29.
- EUR/USD 1.14 - unchanged 0.16%.
- EUR/GBP 0.85 - unchanged 0.05%.
- U.S. Dollar Index Futures 100.75 - up 0.13%.
Note: This report reflects market prices and security performances at the close of trading in Milan on Tuesday and summarizes the session's primary movers and market indicators.