Italy stocks higher at close of trade

Italy stocks were higher after the close on Wednesday, as gains in the FinancialsTelecoms and Technology sectors led shares higher.

At the close in Milan, the Italy 40 gained 1.64% to hit a new 1-month high.

The best performers of the session on the Italy 40 were UniCredit SpA (MI:CRDI), which rose 5.82% or 0.5860 points to trade at 10.6480 at the close. Meanwhile, FinecoBank Banca Fineco SpA (MI:FBK) added 5.63% or 0.53 points to end at 9.98 and Unione di Banche Italiane SpA (MI:UBI) was up 3.81% or 0.0890 points to 2.4240 in late trade.

The worst performers of the session were Davide Campari Milano SpA (MI:CPRI), which fell 1.36% or 0.10 points to trade at 7.62 at the close. Pirelli & C SPA (MI:PIRC) declined 0.69% or 0.04 points to end at 6.02 and Terna (MI:TRN) was down 0.67% or 0.036 points to 5.310.

Rising stocks outnumbered declining ones on the Milan Stock Exchange by 235 to 126 and 25 ended unchanged.

Crude oil for February delivery was down 0.59% or 0.31 to $51.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.05% or 0.03 to hit $60.67 a barrel, while the February Gold Futures contract rose 0.48% or 6.15 to trade at $1294.55 a troy ounce.

EUR/USD was down 0.11% to 1.1402, while EUR/GBP rose 0.00% to 0.8872.

The US Dollar Index Futures was down 0.00% at 95.672./

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