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Milan Stock Exchange Falls 0.24% as Markets Watch Middle East Tensions
🇵🇾 Paraguay /Economy & Trade

Milan Stock Exchange Falls 0.24% as Markets Watch Middle East Tensions

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Outcome reported
  • Milan's FTSE MIB index fell 0.24% to 51,792.10 points, while the broader FTSE Italia All-Share declined 0.27%.
  • The session followed recent U.S. attacks on Iran and was influenced by Middle East tensions and oil prices.
  • Lottomatica fell 7.63% after news of its agreement to absorb Spanish gambling and sports-betting operator Cirsa, while STMicroelectronics gained 3.33%.

Milan's stock exchange closed lower, with the FTSE MIB falling 0.24% to 51,792.10 points as investors tracked tensions in the Middle East and oil prices.

The broader FTSE Italia All-Share index dropped 0.27% to 54,372.23 points. About 309 million shares changed hands, with trading worth roughly 3.003 billion euros.

Milan moved in line with other European markets during a weak session marked by a worsening geopolitical situation in the Middle East after the latest U.S. attacks on Iran.

Lottomatica posted the sharpest decline among blue-chip stocks, falling 7.63% on the day its agreement to absorb Spanish gambling and sports-betting operator Cirsa became known. Gas distributor Italgas dropped 3.46%, Stellantis fell 2.79%, cement maker Buzzi lost 2.62% and energy company A2A declined 2.61%.

Semiconductor maker STMicroelectronics led the gainers with a 3.33% rise. Hearing-aid company Amplifon gained 2.55%, telecommunications infrastructure firm Inwit rose 1.75%, cable maker Prysmian added 1.71% and beverage group Campari advanced 1.47%.

About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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