富时MIB指数周四早盘下跌0.7%，连续第五个交易日下跌。该指数反映了全球市场的谨慎情绪，因为投资者消化了英伟达最新的季度收益报告。交易员还密切关注正在进行的俄罗斯-乌克兰冲突以及欧洲更广泛的经济和货币前景。汽车类股早盘下跌，Stellantis下跌1.7%，Iveco下跌1.4%。Stellantis宣布在意大利南部的两家工厂新的临时停工。奢侈品行业也面临压力，Moncler下跌2.2%，Brunello Cucinelli下跌1%。

The FTSE MIB fell by 0.7% in early trading on Thursday, extending its losing streak to a fifth consecutive session. The index reflected a cautious sentiment across global markets as investors digested Nvidia's latest quarterly earnings report. Traders also kept a close watch on the ongoing Russia-Ukraine conflict and the broader economic and monetary outlook in Europe. Automotive stocks were among the early decliners, with Stellantis down 1.7% and Iveco falling 1.4%. Stellantis announced new temporary stoppages at two of its plants in southern Italy. The luxury sector also faced pressure, as Moncler shed 2.2% and Brunello Cucinelli dropped 1%.

周三下午，富时MIB指数小幅下跌，跌破33280点，追随全球市场的谨慎情绪。交易员们正在评估俄罗斯和乌克兰之间日益加剧的地缘政治紧张局势，此前有报道称乌克兰首次向俄罗斯领土发射了远程英国风暴阴影导弹。与此同时，人们也关注科技巨头英伟达当天晚些时候即将公布的季度业绩。汽车类股领跌，依维柯（-2%）和Stellantis（-1.3%）均下跌。另一方面，意大利电信领涨，涨幅超过2%，紧随其后的是Nexi和普睿司曼。

The FTSE MIB turned slightly negative on Wednesday afternoon, trading below 33,280, tracking a cautious sentiment across global markets. Traders were assessing rising geopolitical tensions between Russia and Ukraine, following reports that Ukraine had fired long-range British Storm Shadow missiles into Russian territory for the first time. Meanwhile, attention was also on the upcoming quarterly results from tech giant Nvidia later in the day. Automotive stocks were leading the losses, with Iveco (-2%) and Stellantis (-1.3%) both declining. On the opposite side, Telecom Italia led the way, rising over 2%, followed by Nexi and Prysmian.

意大利10年期BTP收益率徘徊在3.58%左右，距离10月份的低点不远，因为交易员权衡了欧元区经济日益增长的下行风险、乌克兰-俄罗斯冲突的紧张局势升级，以及唐纳德·特朗普的政策和政治任命对欧洲的潜在影响，特别是在关税方面。欧洲央行在其年度《金融稳定评估》中强调，地缘政治紧张局势加剧和政策不确定性加剧了主权脆弱性，而全球贸易紧张局势加剧增加了不利经济冲击的可能性。另一方面，欧元区第三季度的谈判工资同比增长5.4%，为欧元引入以来的最高水平，德国领涨，使欧洲央行的降息计划变得更加复杂。预计央行仍将在12月第四次降息25个基点。

Italy’s 10-year BTP yield hovered around 3.58%, not far from October-lows, as traders weigh growing downside risks to the Eurozone economy, escalating tensions in the Ukraine-Russia conflict, and the potential impact of Donald Trump’s policies and political appointments on Europe, particularly regarding tariffs. In its annual Financial Stability Review, the European Central Bank highlighted that heightened geopolitical tensions and policy uncertainties are amplifying sovereign vulnerabilities, while rising global trade tensions are increasing the likelihood of adverse economic shocks. On the other hand, negotiated wages in the Euro Area rose 5.4% yoy in Q3, the most since the euro was introduced, and led by Germany, complicating the European Central Bank’s plans for interest rate cuts. The central bank is still expected to deliver its fourth 25 basis point rate cut in December.

2024年9月，意大利的建筑业产出每年增长3.9%，从上个月0.3%的下降中反弹，这是自2021年1月以来的首次月度收缩。反弹使今年前三个季度的建筑活动增长率达到6.4%。

Construction output in Italy jumped by 3.9% annually in September of 2024, rebounding from the 0.3% drop in the previous month, which was the first monthly contraction since January 2021. The rebound lifted construction activity to a growth rate of 6.4% in the first three quarters of the year.