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Italy stocks lower at close of trade; Investing.com Italy 40 down 1.76%

Published 08/01/2016, 12:35 PM
Updated 08/01/2016, 12:35 PM
© Reuters.  Italy stocks lower at close of trade; Investing.com Italy 40 down 1.76%

Investing.com – Italy stocks were lower after the close on Monday, as losses in the Financials, Oil & Gas and Travel & Leisure sectors led shares lower.

At the close in Milan, the Investing.com Italy 40 declined 1.76%.

The best performers of the session on the Investing.com Italy 40 were Recordati (MI:RECI), which rose 1.21% or 0.35 points to trade at 29.36 at the close. Meanwhile, Salvatore Ferragamo (MI:SFER) added 0.76% or 0.16 points to end at 21.22 and Banca Monte dei Paschi di Siena SpA (MI:BMPS) was up 0.58% or 0.0018 points to 0.3100 in late trade.

The worst performers of the session were Unicredit (MI:CRDI), which fell 9.40% or 0.2060 points to trade at 1.9860 at the close. Banca Popolare di Milano Scarl (MI:PMII) declined 6.22% or 0.0270 points to end at 0.4070 and UBI Banca (MI:UBI) was down 6.20% or 0.1700 points to 2.5740.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 262 to 124 and 30 ended unchanged.

Shares in Recordati (MI:RECI) rose to all time highs; up 1.21% or 0.35 to 29.36.

Crude oil for September delivery was down 3.82% or 1.59 to $40.01 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 3.56% or 1.55 to hit $41.98 a barrel, while the December Gold contract rose 0.11% or 1.45 to trade at $1358.95 a troy ounce.

EUR/USD was down 0.04% to 1.1170, while EUR/GBP rose 0.14% to 0.8459.

The US Dollar Index was up 0.12% at 95.64.

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