Italian stocks closed higher on Tuesday, supported by gains across several key sectors. The Investing.com Italy 40 finished the session up 1.10% in Milan.
Among individual names, Leonardo SpA (BIT:LDOF) led the index rally, rising 4.28% - a 2.38 point increase - to finish at 58.04. Prysmian SpA (BIT:PRY) also posted a strong advance, adding 4.02% or 3.82 points to close at 98.78. Nexi SpA (BIT:NEXII) was up 2.71%, or 0.08 points, to end the day at 3.18.
On the downside, Buzzi Unicem (BIT:BZU) was the weakest performer among the tracked names, slipping 0.92% or 0.40 points to a close of 43.08. Inwit (BIT:INWT) declined 0.65% or 0.05 points to 6.86, while Davide Campari Milano SpA (BIT:CPRI) edged down 0.52% or 0.03 points to finish at 6.13.
Market breadth in Milan showed more advancing issues than decliners, with 383 stocks rising against 275 that fell, and 49 closing unchanged.
Commodities and rates
Crude oil for May delivery climbed 1.57% - an increase of 1.62 - to settle at $104.50 a barrel. Brent oil for June delivery moved lower, down 0.20% or 0.22, to $107.17 a barrel. In precious metals trading, the June Gold Futures contract rose 1.95% or 89.01 to trade at $4,646.51 a troy ounce.
Foreign exchange and dollar index
The euro strengthened against the dollar, with EUR/USD up 0.51% to 1.15. EUR/GBP was recorded as unchanged 0.45% to 0.87. The US Dollar Index Futures traded lower, down 0.36% at 100.00.
The session highlighted sector-led momentum in Milan, where industrial, technology and financial stocks provided the bulk of gains. Commodity price movements were mixed, with crude futures rising while Brent gave back a small amount. Currency moves were modest, with the euro posting a gain versus the dollar and little change recorded versus the pound according to the session figures.
Investors assessing the Italian market closed the session with more names in the green than in the red, while energy and precious metals markets showed divergent moves that may influence sector performance in coming sessions.