Italy stocks lower at close of trade

Italy stocks were lower after the close on Monday, as losses in the Telecoms, Financials and Travel & Leisure sectors led shares lower.

At the close in Milan, the Investing.com Italy 40 fell 0.84% to hit a new 1-month low.

The best performers of the session on the Investing.com Italy 40 were Finmeccanica, which rose 2.99% or 0.330 points to trade at 11.360 at the close. Meanwhile, Mediaset  added 2.29% or 0.082 points to end at 3.660 and STMicroelectronics  was up 2.12% or 0.102 points to 4.906 in late trade.

The worst performers of the session were Banco Popolare Sc, which fell 7.37% or 0.4250 points to trade at 5.3400 at the close. Saipem declined 4.39% or 0.0151 points to end at 0.3290 and Banca Popolare di Milano Scarl was down 4.06% or 0.0245 points to 0.5790.

Falling stocks outnumbered advancing ones on the Milan Stock Exchange by 227 to 176 and 12 ended unchanged.

Shares in Banco Popolare Sc fell to 3-years lows; down 7.37% or 0.4250 to 5.3400.

Crude oil for May delivery was down 1.20% or 0.44 to $36.35 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 1.29% or 0.50 to hit $38.17 a barrel, while the June Gold contract fell 0.47% or 5.70 to trade at $1217.80 a troy ounce.

EUR/USD was up 0.04% to 1.1394, while EUR/GBP fell 0.34% to 0.7981.

The US Dollar Index was down 0.07% at 94.51.