Italy Stock Market Update

Investing.com – Italy's stock market closed lower on Tuesday due to declines in the Utilities, Telecoms, and Financials sectors.

Market Performance

At the close in Milan, the Investing.com Italy 40 index declined by 0.70%.

Best Performers

• Nexi SpA (BIT:NEXII): +2.45% (up 0.15 points to 6.11)
• Saipem SpA (BIT:SPMI): +2.33% (up 0.05 points to 2.07)
• STMicroelectronics (BIT:STMMI): +1.79% (up 0.45 points to 25.57)

Worst Performers

• ERG (BIT:ERG): -3.74% (down 0.84 points to 21.64)
• Unipol Gruppo Finanziario Spa (BIT:UNPI): -3.55% (down 0.43 points to 11.67)
• Inwit (BIT:INWT): -2.97% (down 0.32 points to 10.46)

Falling stocks outnumbered advancing ones on the Milan Stock Exchange, with 293 declines compared to 203 advances and 47 unchanged stocks.

Notable Movements

• Shares in ERG hit a 3-year low, down 3.74% to 21.64.

Commodities Update

• Crude Oil (December delivery): +2.80% (up 1.96 to $72.00 a barrel)
• Brent Oil (December delivery): +2.60% (up 1.93 to $76.22 a barrel)
• Gold Futures (December contract): +0.51% (up 14.05 to $2,752.95 a troy ounce)

Currency Exchange Rates

• EUR/USD: Unchanged at 1.08 (up 0.09%)
• EUR/GBP: Unchanged at 0.83 (up 0.04%)

US Dollar Index Futures

• Up +0.06% at 103.90.