Investing.com – Italy stocks were lower after the close on Tuesday, as losses in the Technology, Chemicals and Oil & Gas sectors led shares lower.
At the close in Milan, the FTSE MIB lost 2.97% to hit a new 3-months low.
The best performers of the session on the FTSE MIB were World Duty Free SpA (MILAN:WDF), which rose 0.20% or 0.020 points to trade at 10.110 at the close. Meanwhile, Pirelli & C (MILAN:PECI) fell 0.07% or 0.01 points to end at 15.09 and Ansaldo STS (MILAN:STS) was down 0.16% or 0.01 points to 9.37 in late trade.
The worst performers of the session were Banca Monte dei Paschi di Siena SpA (MILAN:BMPS), which fell 7.48% or 0.1150 points to trade at 1.4230 at the close. Saipem (MILAN:SPMI) declined 6.71% or 0.60 points to end at 8.41 and Banca Pop Emilia Romagna (MILAN:EMII) was down 6.44% or 0.485 points to 7.050.
Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 382 to 79 and 3 ended unchanged.
Shares in Banca Monte dei Paschi di Siena SpA (MILAN:BMPS) fell to 52-week lows; losing 7.48% or 0.1150 to 1.4230.
Crude oil for August delivery was down 2.23% or 1.18 to $51.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.51% or 0.86 to hit $56.30 a barrel, while the August Gold contract fell 1.09% or 12.70 to trade at $1153.90 a troy ounce.
EUR/USD was down 0.97% to 1.0949, while EUR/GBP rose 0.18% to 0.7099.
The US Dollar Index was up 0.83% at 97.23.