(Alliance News) - On Thursday, major European stock markets opened in negative territory, confirming expectations on a day when markets will have to digest decisions made by the Fed and the Bank of Japan.
Thus, the FTSE Mib is down 1.2 percent to 34,025.54, as is the Mid-Cap to 47,434.13, the Small-Cap gives up 0.5 percent to 28,129.09, and while Italy Growth gives up 0.4 percent to 7,808.72.
London's FTSE 100 is down 1.2%, as is Paris' CAC 40 while Frankfurt's DAX 40 is in the red by 1.0%.
On the highest-capitalization list in Piazza Affari, the only stock in the green is Saipem, up 0.4 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.
Among the bearish performers, STMicroelectronics gives up 3.8 percent. Also going down is ERG, down 1.9 percent as well as Prysmian and Iveco Group.
The latter reported that Iveco Bus, Iveco Group's city, intercity, and touring bus brand, has signed a five-year framework agreement with the central purchasing group BusGruppe, the consortium that includes Verkehrsbetriebe Bachstein, CeBus, KVG Stade, Omnibusbetrieb von Ahrenschildt, Pülm Reisen, and Reisebüro Schmidt, to supply up to 580 city buses, 250 of them fully electric.
The total value of the deal is estimated at up to EUR235 million.
Telecom Italia -- down 0.1 percent -- on Thursday said 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 January 27.
Enel gives up 1.5 percent. The company announced Wednesday that the board has authorized the issuance, by December 31, 2025, of one or more nonconvertible bonds in the form of hybrid subordinated securities, including those of a perpetual nature, 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 1.1 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 Thursday, the merged giant of PSA Groupe and Fiat Chrysler Automobiles 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.
On the Mid-Cap, MAIRE gives up 0.4 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 0.4 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.
Sesa gives up 2.8 percent. The company reviewed consolidated interim report as of October 31, closing with an adjusted net income of EUR42.3 million compared to EUR52.7 million as of October 31, 2023. In contrast, the consolidated figure was EUR26.6 million compared to EUR38.9 million.
Total reported revenues were about EUR1.43 billion, compared to EUR1.50 billion in the same period last year.
Iren gives up 0.6 percent after it announced Wednesday that it has appointed Selina Xerra as the new executive in charge of sustainability reporting from the current fiscal year.
On the Small-Cap, Giglio Group gives up 6.1 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 0.5 percent -- on Tuesday reported that all 373,020 unexercised option rights were sold, allowing about 3.25 million new shares to be subscribed. During the offering period, some 166.9 million new shares, or 98.1 percent of the total, were subscribed.
Landi Renzo gives up 1.0 percent. The company reported Wednesday that the EUR40.7 million capital increases have been completed.
Among SMEs, SolidWorld Group - in the green by 4.6 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 2.6 percent - let it know 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 begin on December 20 and end on June 20, 2025.
In New York overnight Europe, the Dow closed down 2.6 percent, while the Nasdaq fell 3.6 percent and the S&P 500 fell 3.0 percent.
Among Asian exchanges, the Hang Seng rallied 0.6 percent, the Shanghai Composite was down 0.4 percent, and the Nikkei left 0.7 percent on the parterre.
Among currencies, the euro changed hands at USD1.0400 against USD1.0470 on Thursday in closing European equities. The pound is worth USD1.2626 from USD1.2692 on Thursday evening.
Among commodities, Brent is worth USD73.00 per barrel from USD73.98 per barrel at Thursday's close. Gold trades at USD2,628.24 an ounce from USD2,633.80 an ounce Thursday evening.
Thursday's macroeconomic calendar includes, at 1000 CET, from the Eurozone, the current account data, while at 1300 CET it will be time for the announcement of the Bank of England's interest rate decision.
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.
On the corporate calendar in Piazza Affari, however, no particular event is scheduled.
By Claudia Cavaliere, Alliance News reporter
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