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Italian Stock Exchange and European Financial Market Update: Profit Taking on Telecom Italia TIM, Banking Sector Performance, and Stellantis Decline

Profit taking on Telecom Italia TIM after the rise achieved in the previous session. Some ideas among banking stocks. Stellantis’ decline stands out

The major indices of the Italian Stock Exchange and the main European financial markets recorded fractional variationsin a session characterized by low volatility.

At 3.40 pm FTSEMib it gained 0.29% to 30,329 points, after having fluctuated between a minimum of 30,201 points and a maximum of 30,349 points. At the same time the FTSE Italia All Share recovered 0.41%. Better performance for the FTSE Italia Mid Cap (+1.71%) and for the FTSE Italia Star (+1,61%).

Il bitcoin it fell below 43,000 dollars (just under 39,000 euros).

Lo spread Btp-Bund it narrowed below 165 points, with the yield of the ten-year BTP which approached 3.65%.

L’euro it exceeded $1.095.

Profit taking up Telecom Italia TIM after the rise achieved in the previous session. The title of the telephone company recorded a decline of 0.61% at 0.2792 euros. The CRT Foundation has announced that it will invest 15 million euros in the F2i-Rete Digitale fund. In particular, the Foundation will subscribe, together with other institutional investors, a share of the infrastructure fund promoted by F2i which will participate in the acquisition of Telecom Italia TIM’s fixed network.

The titles of the banking sector.

Highlighted Monte dei Paschi di Siena (+2,43%), UniCredit (+1.24%) and the BancoBPM (+1.13% to 4.832 euros). Better performance for the Popular from Sondrio (+5,54%).

At FTSEMib the decline in stands out Stellar (-1,28%).

At MidCap, the excellent performance of than (+2,68% a 118,9 euro). The company communicated the financial results for the 1st half of the 2023/2024 financial year and confirmed the outlook for the entire financial year, with a revenue target in the range between 3.2 billion and 3.3 billion euros.

Very good too Nora Industry (+6,51%).

2023-12-19 14:41:00
#Positive #Piazza #Affari #MidCaps #shine

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