(Alliance News) - On Thursday, major European stock markets continue trading in negative territory on a day when action is taken on new monetary policy decisions by the Fed and BOJ and pending that of the BoE.

Thus, the FTSE Mib is down 1.4 percent to 33,929.73, the Mid-Cap gives up 1.5 percent to 47,221.45, the Small-Cap gives up 1.1 percent to 27,978.28, and while Italy Growth gives up 0.6 percent to 7,798.76.

London's FTSE 100 is down 1.3 percent, Paris' CAC 40 gives up 1.5 percent, and Frankfurt's DAX 40 is in the red by 1.0 percent.

On the highest-capitalization list in Piazza Affari, in the green is Saipem, up 1.2 percent. The company announced that it has appointed Luca Caviglia as Financial Reporting Manager with responsibility for sustainability reporting attestation.

Caviglia retains responsibility for Saipem's Accounting and Administration function, within the finance department headed by Chief Financial Officer Paolo Calcagnini.

Also doing well is the second and last stock in the green, Unipol, which marks a gain of 0.8 percent.

Among the bearish, Telecom Italia does worst of all and gives up 6.2 percent. The company on Thursday announced that it had received a binding offer from the Ministry of Economy and Finance and Retelit, a subsidiary of the Asterion fund, to buy Sparkle.

As stated in a note, the proposal confirms an enterprise value of EUR700 million for Sparkle and will be valid until Jan. 27.

Down goes STMicroelectronics, which gives up 5.5 percent, while Nexi leaves 3.5 percent on the parterre. Sesa - in the red by 9.8 percent on the Mid - on Thursday announced that it has signed a binding agreement to purchase, through its subsidiary Base Digitale Group, the Capital Markets software solutions business unit sold by Nexi Payments, "with which it further strengthens the partnership already in place," speicifies the company note.

The business develops annual revenues of about EUR3.8 million, with a perimeter of about 10 human resources and a customer base consisting of some of the largest Italian banks.

Iveco Group -- in the red by 2.7 percent -- reported that Iveco Bus, Iveco Group's city, intercity, and touring coach brand, has signed a five-year framework agreement with the central purchasing powerhouse BusGruppe, the consortium comprising Verkehrsbetriebe Bachstein, CeBus, KVG Stade, Omnibusbetrieb von Ahrenschildt, Pülm Reisen, and Reisebüro Schmidt, to supply up to 580 city buses, 250 of which are fully electric.

The total value of the deal is estimated at up to EUR235 million.

Enel gives up 2.1%. The company announced Wednesday that the board has authorized the issuance of one or more nonconvertible bonds in the form of hybrid subordinated securities, including those of a perpetual nature, by December 31, 2025, for a maximum total amount equal to the equivalent of EUR2 billion.

The securities will be placed exclusively with institutional investors, European and non-European, including through private placements.

Sales of Stellantis - down 1.9 percent - fell in November in Europe, performing in line with the European market, where registrations fell 1.9 percent.

As data from ACEA, the European Automobile Manufacturers' Association, showed on Thursday, the merged PSA Groupe and Fiat Chrysler Automobiles giant posted an 11 percent drop from November 2023 and market share fell to 13.5 percent in November from 14.8 percent in the same month a year earlier.

Amplifon -- down 1.7 percent -- reported that it had signed a new EUR75 million sustainability-linked loan with Mediobanca, down 2.1 percent.

On the Mid-Cap, MAIRE gives up 1.2 percent. The company announced Wednesday that it has renewed its Euro Commercial Paper program to issue one or more series of notes, increasing the maximum nominal amount from EUR150 million to EUR300 million.

In line with the program launched in 2021, the ECP program will be placed with qualified investors and will be unrated. It will have a term of three years and a maximum nominal amount of EUR300 million.

Credito Emiliano - in the red by 1.1 percent - reported Wednesday that the European Central Bank informed that the banking group has largely exceeded its capital requirements. The main parameter used to measure a bank's soundness is the "Pillar 2 Requirement," which for Credem is 1 percent, is "the best in Italy and in Europe," writes the released note.

Iren gives up 0.4 percent after it announced on Wednesday that it has appointed Selina Xerra as the new manager in charge of attesting sustainability reporting starting with the current fiscal year.

On the Small-Cap, Giglio Group gives up 6.6 percent. It is worth mentioning that on Wednesday the company informed that it has become a member of Confagricoltura, the oldest organization representing Italian agricultural enterprises, and the Ancona Provincial Agricultural Consortium. Together they have created ConfagriMarket, an innovative marketplace dedicated to products and equipment for the agricultural sector.

doValue--in the red by 4.2 percent--reported Tuesday that all 373,020 unexercised option rights had been sold, allowing about 3.25 million new shares to be subscribed. During the offering period, some 166.9 million new shares were subscribed, or 98.1 percent of the total.

Landi Renzo is flat at EUR1.78 per share. The company reported Wednesday that the EUR40.7 million capital increases have been completed.

Among SMEs, SolidWorld Group - in the green by 2.1 percent - and Vection Technologies, listed on the Australian Securities Exchange and also traded in the U.S. Over-The-Counter markets, announced Thursday that they have signed a strategic partnership valid from January 1, 2025 and lasting three years that aims to integrate advanced artificial intelligence and extended reality technologies.

Erfo Pharmaceutical Laboratory-Down 3.4 percent-announced that it has resolved to initiate a porprie share purchase program.

In detail, the program is for the purchase of a maximum of 500,000 shares, will start on December 20 and end on June 20, 2025.

Among the Asian exchanges, the Hang Seng gave up 0.6 percent, the Shanghai Composite fell 0.4 percent, and the Nikkei left 0.7 percent on the parterre.

In New York on European night, the Dow closed down 2.6 percent, while the Nasdaq fell 3.6 percent and the S&P 500 fell 3.0 percent.

Among currencies, the euro changed hands at USD1.0412 versus USD1.0470 on Thursday's European stock close. The pound is worth USD1.2647 from USD1.2692 on Thursday evening.

Among commodities, Brent crude is worth USD73.46 per barrel from USD73.98 per barrel at Thursday's close. Gold trades at USD2,634.69 an ounce from USD2,633.80 an ounce Thursday evening.

Thursday's macroeconomic calendar includes the announcement of the Bank of England's interest rate decision at 1300 CET.

From the US, at 1430 CET, focus on GDP and jobless claims. Closing the day, at 2230 CET, is the release of the Fed's weekly balance sheet.

By Claudia Cavaliere, Alliance News reporter

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