Italian Stock Exchange Closes Down: telecom Italia TIM and STM See Sharp declines
Table of Contents
Table of Contents
The major Italian Stock Exchange indices experienced losses of 1-2% on December 19, 2024, following a downturn in major US stock indexes. These declines came after the Federal Reserve (FED) announced a 25 basis point interest rate cut and outlined its monetary policy strategy for 2025.
At 4:30 pm, the FTSEMib lost 1.97%, closing at 33,722 points, after fluctuating between a low of 33,717 and a high of 34,170 points. The FTSE Italia All Share also experienced a decline of 1.95%, with the FTSE Italia Mid Cap (-1.79%) and the FTSE Italia Star (-2.39%) following suit.
The value of Bitcoin dipped below $100,000 (approximately €96,000), while the spread Btp-Bund stood just above 115 points. the yield on the ten-year BTP exceeded 3.45%, and the euro was trading at $1.04.
Notable Stock Performances
Telecom Italia TIM experienced a significant decline of 7.31%, closing at €0.2525. This drop followed the Ministry of Economy and Finance and Retelit’s joint binding offer to acquire the entire capital of Sparkle for €700 million. STM also faced losses, declining by 5.95% to €23.62 ,in line with the negative trend seen in the semiconductor sector.
Banking sector securities also suffered, with Mediobanca experiencing a decline of 3.02% closing at €13.83. However, Saipem gained 3.25%,reaching €2.638. The company secured a new offshore contract from Shell Nigeria Exploration and Production Company Limited (SNEPCo) for the Bonga North project,valued at approximately $900 million.
Stellantis also saw a decline of 2.13% closing at €12.472. Despite an overall increase of 1.9% in car registrations within the European Union in November 2024 (reaching approximately 870,000 units), Stellantis’ sales experienced a sharp decline in the same month. Registrations for the company fell by 10.1%, resulting in a 14.3% market share in Europe.
In the STAR segment, Avio leaped 9.47% to €14.34. The company announced contracts with the European Space Agency (ESA) to continue the development of the next-generation launcher,Vega-E,and increase annual flights of the Vega-C rocket.The total value of these contracts reached approximately €350 million.
conversely,
Tandem experienced a sharp decline of 13%, closing at €64.20. This drop followed reductions in target prices by several investment banks after the release of the company’s financial results for the first half of 2024/2025.
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## Archyde Exclusive: Italian Market Analysis
**today on Archyde, we have a special Alex Reed, [Name and credentials of Finance Expert], to discuss the recent downturn in the Italian stock Exchange. Welcome to the show, [Alex Reed Name].**
**[Alex Reed Name]:** Thank you for having me.
**We saw a loss of 1-2% across major indices on December 19th, following similar trends in the US.What factors contributed to this decline, specifically in the italian market?**
**[Alex Reed Name]:** The Italian market, like many others globally, reacted to the Federal Reserve’s announcement regarding a 25 basis point interest rate cut and their outlined monetary strategy for 2025 [[Your Source]]. While a rate cut is generally seen as positive, the market seemed to interpret the Fed’s future outlook as signaling potential economic uncertainty. This led to a sell-off, impacting not just the US but also international markets like Italy.
**Among the notable performers,Telecom Italia TIM and STM saw notably sharp declines. Can you elaborate on the reasons behind these specific drops?**
**[Alex Reed Name]:**
[Alex Reed Name would discuss Telecom Italia TIM and STM’s specific performance, pulling from past data, company news, and broader market trends. They might mention internal company issues, sector-specific challenges, or investor sentiment impacting these stocks.]
**Looking forward, what are some factors that investors should be watching closely as the Italian market navigates these choppy waters?**
**[Alex Reed Name]:** [Alex Reed Name would offer insights into key factors for investors to consider, such as:
* **Future Fed announcements and their impact on global interest rates.**
* **Economic growth projections for Italy and the Eurozone.**
* **Performance of key sectors within the Italian economy.
* **Political developments and their potential influence on market stability.]
**Thank you again for joining us today,[Alex Reed Name],and sharing your valuable insights on the Italian stock market.**
**[Alex Reed Name]:** My pleasure.
**For more in-depth analysis and market commentary, visit Archyde.com.**
