Italy Stocks Higher at Close of Trade; Italy 40 Up 0.98%

Italy’s stock market closed higher on Friday, driven by gains in various sectors.

In Milan, the market index climbed 0.98%, reaching a new one-month peak.

Leading the session’s gains were Moncler SpA, which surged 10.91%, or 5.68 points, to close at 57.74. STMicroelectronics followed with a 5.96% increase, adding 1.54 points to end at 27.47, while Stellantis NV rose by 3.99%, or 0.56 points, to finish at 14.55.

On the other hand, the session’s underperformers included Prysmian SpA, which dipped 2.55%, or 1.70 points, closing at 64.84. Ferrari NV saw a decline of 0.86%, or 3.70 points, finishing at 424.80, and Banca Popolare di Sondrio ScpA fell by 0.85%, or 0.06 points, to 7.01.

The Milan Stock Exchange saw 343 advancing stocks outnumber 184 that declined, with 40 remaining unchanged.

In commodities, crude oil for November delivery rose by 0.90%, or 0.61, to $68.28 per barrel. Brent oil for December delivery increased by 0.70%, or 0.50, to $71.59 per barrel, while December Gold Futures fell by 0.91%, or 24.60, trading at $2,670.30 per troy ounce.

In the currency markets, the EUR/USD pair remained stable, showing a slight decrease of 0.15% to 1.12, and EUR/GBP was virtually unchanged at 0.83. The US Dollar Index Futures slipped by 0.06% to 100.19.