
AI-generated summary
The Confcommercio Misery Index measures social hardship based on inflation and unemployment.
In October 2026, according to initial estimates, the Confcommercio Misery index stood at 13 points, up five tenths on September. It is the highest value since December 2023. This is stated in a note which underlines that the recovery in inflation is determining the expansion of the area of social hardship. "In the last month the prices of goods and services with a high frequency of purchase - we read - showed a trend change of 5.8%, a further acceleration compared to the 5.2% of September, with a significant growth in energy and, to a more limited extent, in fresh food".
The labor market, according to Confcommercio estimates, remains substantially stable in October too, with widespread unemployment expected to stand at 6.9%.

Piazza Affari reduces the negative start with the Ftse Mib falling by 1%, in line with Paris, while London and Frankfurt lose 1.5%. Spread at 108 points.

European stock markets recorded widespread declines at the opening, penalized by the recent slide on Wall Street. Frankfurt leads the losses with 1.7%, followed by London, Paris, Amsterdam and Madrid.

Strongly negative start for the Milan Stock Exchange and Asian markets, in the wake of Wall Street and fears related to the US elections. Tokyo lost almost 6% and Seoul 6% net.

The Tokyo Stock Exchange closed sharply lower with the Nikkei losing 5.96% to 57,434.77 points. Fears of a tightening of AI regulation in the United States following the Democrats' victory are weighing heavily.

Stock markets in the Asia-Pacific area recorded sharp declines, led by Seoul and Tokyo, influenced by the decline on Wall Street and fears related to the US elections and their effects on investments in AI.

The success of the Democrats in the US midterm elections puts the expansion of data centers in Texas, Georgia and Ohio at risk. Investors fear tighter regulation, impacting AI-related stocks.