
European stock markets are affected by the collapse of Wall Street, then reduce their losses
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European stock markets were affected by the collapse marked by Wall Street on Thursday, then reducing their losses at the end of the day in the wake of the positive trend of American stock markets.
Negative day on the European stock markets which were affected by the collapse marked by Wall Street on Thursday, then reducing the losses at the end of the day in the wake of the positive trend of the American stock markets.
The Frankfurt Stock Exchange recorded the worst result and ended down by 1.92%. London lost 1.01% and Paris 0.81 percent.

Piazza Affari closed lower with the Ftse Mib index at 50,052 points, down 0.90%. Nexi, Banco Bpm and Bper lost ground after the results, while Tenaris, Buzzi and Amplifon rose. STM recovered with chips.

Only Pablo Hernández de Cos and Klaas Knot ran to succeed Christine Lagarde as president of the European Central Bank. Eurozone finance ministers will consider the nominations on Monday 9 November.

Matteo Del Fante, CEO of Poste Italiane, has assumed the presidency of the International Post Corporation. It will focus on cross-border e-commerce, innovation and digitalisation in the global postal sector.
European and Asian stock markets recorded sharp declines in the wake of the collapse of Wall Street. The decline is driven by investors fleeing AI-related stocks following the Democrats' victory in the US midterm elections.

All the plants in the hot area of the former Ilva in Taranto were shut down following the Supreme Court ruling. The unions denounce the absence of wage guarantees for 8,600 workers and criticize the cut in funding for decarbonisation.

The maneuver introduces an exit tax from 2027 for those who transfer their tax residence abroad with over 800 thousand euros in financial assets. The tax affects accrued capital gains, with the possibility of deferral for those who move to countries with exchange agreements.