富时MIB指数周二收于33168点，下跌约0.8%，为8月以来未见的水平，连续第二天下跌。当选总统唐纳德·特朗普在社交媒体上发帖威胁对从墨西哥和加拿大进口的产品征收25%的新关税，对来自中国的产品征收10%的新关税。在企业方面，对拟议关税所针对的国家有重大敞口的公司面临显著下滑。倍耐力（-4.6%）在墨西哥拥有一家大型工厂，为国内和美国市场提供服务，而Stellantis（-4.8%）则跌至该指数的底部，Stellantis是南美州第一个向美国出口汽车的州。与此同时，投资者分析了联合信贷银行（-1.1%）收购Banco BPM（-1.1%”）对该行业的潜在影响，特别是对MPS（+0.6%）的潜在影响。

The FTSE MIB closed about 0.8% lower at 33,168 on Tuesday, a level not seen since August and extending losses for the second day. Market sentiment was shaken by President-elect Donald Trump's social media post threatening new duties of 25% on products imported from Mexico and Canada and a further 10% on those coming from China. On the corporate front, companies with significant exposure to the countries targeted by the proposed tariffs faced notable declines. Pirelli (-4.6%), which has a large plant in Mexico that serves both the domestic and American markets, alongside Stellantis (-4.8%), for which the South American state is the first in exporting vehicles to the United States, slipped to the bottom of the index. Meanwhile, investors analyzed the potential impact of Unicredit's (-1.1%) takeover bid for Banco BPM (-1.1%) on the sector, particularly on MPS (+0.6%).

在米兰，富时MIB指数周二下跌260点，跌幅0.78%。Stellantis N.V.（-4.79%）、倍耐力（-4.73%）和MFE MediaForEurope（-4.21%）领跌。抵消下跌的影响，涨幅最大的是Assicurazioni Generali（1.63%）、Snam（1.52%）和Saipem（1.39%）。

In Milan, the FTSE MIB Index dropped 260 points or 0.78 percent on Tuesday. Losses were led by Stellantis N.V. (-4.79%), Pirelli (-4.73%) and MFE-MediaForEurope (-4.21%). Offsetting the fall, top gainers were Assicurazioni Generali (1.63%), Snam (1.52%) and Saipem (1.39%).

意大利10年期英国国债收益率约为3.5%，为约一个月来的最低水平，与欧洲同行持平，反映出欧洲经济持续低迷，人们对唐纳德·特朗普第二届政府的潜在影响日益担忧。特朗普加大了提高关税的威胁，提到对中国加征10%的关税，对墨西哥和加拿大加征25%的关税。在竞选期间，他还警告称，欧盟将“付出巨大代价”，对欧洲商品，特别是汽车征收高额关税。这些威胁加剧了欧洲苦苦挣扎的制造业面临的挑战。初步采购经理人指数数据突显出欧元区私营部门活动再次收缩，增加了乌克兰持续战争以及德国和法国政治不稳定的风险。这种黯淡的前景促使投资者加大了对欧洲央行激进货币宽松政策的押注。虽然下个月降息25个基点的可能性已完全消化，但更大幅度降息50个基点的概率已攀升至58%。

Italy’s 10-year BTP yield was around 3.5%, the lowest in about a month, tracking its European peers, and reflecting persistent economic gloom in Europe and rising concerns over the potential impact of a second Donald Trump administration. Trump doubled down on his threats to raise tariffs, mentioning a 10% tariff increase on China and a 25% hike on Mexico and Canada. During his campaign, he also warned of significant tariffs on European goods, particularly cars, claiming the EU would "pay a big price." These threats exacerbate challenges for Europe’s struggling manufacturing sector. Preliminary PMI data highlighted a renewed contraction in Eurozone private sector activity, adding to the risks from the ongoing war in Ukraine and political instability in Germany and France. This bleak outlook has pushed investors to increase bets on aggressive monetary easing by the ECB. While a 25 bps rate cut next month is fully priced in, the probability of a larger 50 bps cut has climbed to 58%.

富时MIB指数周二早盘下跌0.8%，连续第二个交易日下跌。投资者评估了当选总统唐纳德·特朗普承诺对来自加拿大和墨西哥的进口商品征收25%的关税，并在明年上任时对来自中国的进口商品额外征收10%的关税。这些拟议措施引发了人们对即将上任的政府对全球贸易潜在影响的担忧。汽车类股领跌，Stellantis、法拉利和依维柯分别下跌4.1%、1.3%和1.6%。

The FTSE MIB dropped by 0.8% in early trading on Tuesday, sliding for the second consecutive session. Investors assessed President-elect Donald Trump’s pledge to impose a 25% tariff on imports from Canada and Mexico, along with an additional 10% tariff on imports from China when he assumes office next year. These proposed measures have raised concerns about the potential impact of the incoming administration on global trade. Automotive stocks were leading the losses, with Stellantis, Ferrari, and Iveco falling 4.1%, 1.3%, and 1.6%, respectively.