Investing.com – Italy stocks were lower after the close on Friday, as losses in the Financials, Industrials and Oil & Gas sectors led shares lower.
At the close in Milan, the FTSE MIB fell 2.83% to hit a new 1-month low.
The best performers of the session on the FTSE MIB were Saipem (MILAN:SPMI), which rose 0.54% or 0.04 points to trade at 7.42 at the close. Meanwhile, Yoox (MILAN:YOOX) added 0.33% or 0.09 points to end at 27.41 and World Duty Free SpA (MILAN:WDF) was down 0.10% or 0.010 points to 10.230 in late trade.
The worst performers of the session were Banco Popolare Sc (MILAN:BAPO), which fell 4.65% or 0.7400 points to trade at 15.1600 at the close. Mediobanca (MILAN:MDBI) declined 4.65% or 0.440 points to end at 9.015 and Banca Pop Emilia Romagna (MILAN:EMII) was down 4.61% or 0.370 points to 7.650.
Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 412 to 43 and 3 ended unchanged.
Crude oil for October delivery was down 2.57% or 1.06 to $40.26 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 2.41% or 1.12 to hit $45.49 a barrel, while the December Gold contract rose 0.57% or 6.60 to trade at $1159.80 a troy ounce.
EUR/USD was up 1.13% to 1.1367, while EUR/GBP rose 1.06% to 0.7240.
The US Dollar Index was down 0.89% at 94.92.