Italy shares lower at close of trade; Italy 40 down 2.58%

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Italy shares lower at close of trade; Italy 40 down 2.58%
Credit: © Reuters. – Italy equities were lower at the close on Friday, as losses in the Technology , Financials and Oil & Gas sectors propelled shares lower.

At the close in Milan, the Italy 40 fell 2.58% to hit a new 52-week low.

The biggest gainers of the session on the Italy 40 were Salvatore Ferragamo SpA (MI: SFER ), which fell 0.15% or 0.03 points to trade at 20.04 at the close. Unipol Gruppo Finanziario Spa (MI: UNPI ) fell 0.24% or 0.008 points to end at 3.350 and FinecoBank Banca Fineco SpA (MI: FBK ) was down 0.67% or 0.07 points to 10.00 in late trade.

Biggest losers included STMicroelectronics (MI: STM ), which lost 5.06% or 0.960 points to trade at 18.010 in late trade. UniCredit SpA (MI: CRDI ) declined 4.73% or 0.6840 points to end at 13.7760 and Intesa Sanpaolo SpA (MI: ISP ) shed 3.65% or 0.087 points to 2.298.

Declining stocks outnumbered rising ones by 297 to 71 and 24 ended unchanged on the Milan Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.29% or 0.86 to $67.67 a barrel. Meanwhile, Brent oil for delivery in October rose 1.22% or 0.88 to hit $72.95 a barrel, while the December Gold Futures contract unchanged 0.00% or 0.00 to trade at $1219.90 a troy ounce.

EUR/USD was down 1.01% to 1.1412, while EUR/GBP fell 0.50% to 0.8941.

The US Dollar Index Futures was up 0.72% at 96.15.

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