Stock market today November 27th: on the one hand the financial markets which continue to question themselves on the Trump's tariffs, on the other hand – moving to Europe – the French government of Michel Barnier now on the brink of crisis. That's why the European squares end today, for the second consecutive session, in the territory negative, with the Parisian Cac40 index leading the declines (-0,7%) and the French banking stocks knocked out. Despite all eyes being on theUS inflation – in October PCE +2,3% compared to a year earlier, in line with expectations but still above the Fed's 2% target – the focus was therefore on political tensions in France, which Spread between 10-year OATs and German Bunds widened and put investors on alert. In all this, the indications of the representative of the ECB, Isabel Schnabel, who in an interview with Bloomberg he essentially said that he believes that there is not much room for others yet rate cuts from Frankfurt.
The Exchange of Milan closes weakly. The latest Ftse Mib index falls 0,23% to 33.089 points. The centre of attention is still the bank risk that pushes Ps (+3,2%) while Bpm bank (+1,1%) raises the alarm about redundancies in relation to theUniCredit Ops (-0,2%). At the bottom of the list the tech with St (-2,3%) and the company Generali (-2,2%) which takes a breather after the rush linked to the rumours on the negotiations with Natixis for alliance in asset management. -0,1% for Recordati but analysts are promoting the possible merger with Angelini. +1,1% for Saipem after a $1 billion deal in Indonesia.
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