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FTSE MIB Stays Steady – December 20-2023

In Italy, the stock market showed little change on Wednesday, with the FTSE MIB index wrapping up the day at 30,361. This modest movement reflected a global sense of caution, as investors awaited important economic updates from the United States expected in the coming days.

Market players kept a close eye on future monetary policies, holding onto the hope that central banks might lower interest rates next year. In terms of individual stocks, A2a, Banco BPM, Bper Banca, and Ferrari witnessed declines, with drops ranging from 0.9% to 1.5%. On a brighter note, Telecom Italia stood out with a 5.8% increase, boosted by news of the Spanish government acquiring up to a 10% stake in Telefónica, a sector peer.

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