Italy's equity market finished in negative territory on Monday, with the Investing.com Italy 40 retreating 1.45% at the close in Milan. The session's pullback was led by falls in Travel & Leisure, Financials and Healthcare stocks, which collectively pressured the index lower.
Top movers
The strongest performers within the Italy 40 were Tenaris SA (BIT:TENR), which advanced 3.93% or 0.96 points to close at 25.38; Nexi SpA (BIT:NEXII), up 3.77% or 0.14 points to finish at 3.75; and Saipem SpA (BIT:SPMI), which rose 3.18% or 0.12 points to end the day at 4.00.
Biggest declines
On the downside, Lottomatica Group SpA (BIT:LTMC) led losses, sliding 4.72% or 1.31 points to 26.46 at the close. UniCredit SpA (BIT:CRDI) fell 3.00% or 2.10 points to 67.99, while Buzzi Unicem (BIT:BZU) dropped 2.90% or 1.46 points to 48.88.
Market breadth in Milan favored sellers: 407 stocks declined versus 311 that advanced, and 45 issues finished unchanged.
Commodities and currencies
Energy markets saw strong moves during the session. Crude oil for June delivery rose 5.91% or 4.88 to $87.47 a barrel. Brent oil for June delivery climbed 5.59% or 5.05 to $95.43 a barrel. In contrast, the June Gold Futures contract fell 1.31% or 63.96 to trade at $4,815.64 a troy ounce.
Currency pairs showed little change on the day: EUR/USD was unchanged 0.18% to 1.18, while EUR/GBP was unchanged 0.01% to 0.87. The US Dollar Index Futures eased 0.03% to 97.87.
Takeaway
The session was characterized by sector-specific weakness that outweighed pockets of strength among industrial and payments-related names. Commodity volatility, particularly in crude and Brent futures, was a notable feature of the market backdrop.
Note - This report summarizes market moves and prices recorded at the Milan market close on Monday and reflects the underlying data available for that session.