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Milan stock exchange advances 0.34% amid US sanctions on Iran
🇵🇾 Paraguay /Economy & Trade

Milan stock exchange advances 0.34% amid US sanctions on Iran

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • The Milan stock exchange closed positively on Tuesday, with the FTSE MIB index rising 0.34% to 52,720.31 points.
  • The day's trading was influenced by the United States' announcement of sanctions against Iran.
  • Tenaris was the top performer, with a 3.74% increase, while luxury brand Moncler saw the biggest drop at 2.22%.

The Milan stock exchange concluded Tuesday's trading session on an upward trend, with its selective FTSE MIB index climbing 0.34% to reach 52,720.31 points. The overall FTSE Italia All-Share index also saw a gain, advancing 0.35% to 55,340.99 points.

Trading activity involved approximately 279 million shares, valued at around 2.326 billion euros (approximately $2.751 billion). The market's movement was largely shaped by the United States' announcement of sanctions targeting Iran.

Among the day's top performers were the steel company Tenaris, which surged 3.74%, followed by cable manufacturer Prysmian (2.89%), cement producer Buzzi (2.14%), telecommunications firm Inwit (2.04%), and gaming group Lottomatica (1.90%). Conversely, luxury fashion brand Moncler led the decliners with a 2.22% drop. Other notable companies experiencing losses included Brunello Cucinelli (-1.89%), beverage company Campari (-1.21%), oil company Eni (-1.15%), and defense multinational Leonardo (-0.66%).

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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