European stock markets closed lower November 17, 2025, as investors digested revised economic forecasts from the European Commission, alongside key inflation data for Italy. While the Commission maintained a generally optimistic view of the European economy’s resilience, lowered growth expectations for Italy in 2025 weighed on market sentiment [[1]]. The FTSE MIB in Milan led declines,marking its third consecutive daily loss amid a mixed performance across the broader European landscape.
Milan and other major European markets closed lower November 17, 2025, as investors reacted to revised economic forecasts from the European Commission. The Commission’s autumn predictions lowered growth estimates for Italy in 2025, though the outlook for public finances improved, suggesting Italy could exit its excessive deficit procedure a year earlier than previously anticipated.
Presenting the report, European Commission Executive Vice President Valdis Dombrovskis emphasized the “resilience of the European economy,” noting that “growth has outperformed expectations in the first nine months of the year” and that “inflation is on track to return to near 2%.” However, he also cautioned that the public financial picture, while improved since the pandemic, is expected to deteriorate in the coming years, urging continued vigilance to ensure fiscal sustainability.
On the macroeconomic front, Italian inflation is projected to slow significantly in October 2025, falling to +1.2% – slightly below the rate at the end of 2024. This easing of inflationary pressure could influence future monetary policy decisions.
The Euro / US dollar exchange rate remained relatively stable, closing at 1.16. Gold held steady at $4,078.9 per ounce, while Light Sweet Crude Oil traded at $60.15 per barrel.
The spread narrowed slightly, decreasing by 1 basis point to +81 basis points. The yield on the 10-year BTP stood at 3.43%.
Across the broader European market, Frankfurt’s DAX fell marginally by 0.54%, while London’s FTSE 100 was relatively flat, down 0.17%. Paris’s CAC 40 also edged lower, declining 0.39%.
In Milan, the FTSE MIB closed down 0.54% at 43,757 points, marking its third consecutive daily decline. The benchmark Milan stock index continued a negative trend that began last Thursday. The FTSE Italia All-Share also moved lower, losing 0.50% to close at 46,342 points.
The FTSE Italia Mid Cap held steady, gaining 0.06%, while the FTSE Italia Star edged down 0.29%.
Leading performers in Milan included Leonardo (+1.94%), Hera (+1.40%), Saipem (+0.87%), and Banca MPS (+0.74%).
Significant declines were seen in Interpump (-2.89%), Brunello Cucinelli (-2.23%), Moncler (-2.14%), and Ferrari (-1.72%).
Among the best performers in the FTSE MidCap, Tamburi rose 2.29%, followed by El.En (+2.28%), Sanlorenzo (+2.20%), and Technoprobe (+2.12%).
Notable declines in the FTSE MidCap included NewPrinces (-2.72%), GVS (-2.31%), MARR (-2.12%), and doValue (-2.11%).
Key macroeconomic events expected to influence market performance include:
Monday, November 17, 2025
00:50 Japan: GDP, quarterly (expected -0.6%; previous 0.6%)
05:30 Japan: Industrial Production, monthly (expected 2.2%; previous -1.5%)
10:00 Italy: Consumer Prices, annual (expected 1.2%; previous 1.6%)
10:00 Italy: Consumer Prices, monthly (expected -0.3%; previous -0.2%)
14:30 USA: Empire State Index (expected 6.1; previous 10.7)
Tuesday, November 18, 2025
16:00 USA: NAHB Index (previous 37)
Wednesday, November 19, 2025
00:50 Japan: Core Machinery Orders, monthly (expected 2.5%; previous -0.9%).
(Teleborsa) 17-11-2025 13:00
