The stock markets today 12 November. Europe weakened by Wall Street. Declining Asia looks at Trump

Europe down after Wall Street

European stock markets continue to decline after a weak start on Wall Street. After the rise of the previous sessions, the stock markets are going back due to inflation in the United States and waiting for more signals about the movements of the President-elect Donald Trump. The global economic growth trend is also in focus, also due to the latest macroeconomic data. In terms of currency, the euro falls to 1.0618 against the dollar. Bitcoin reverses course after mid-morning surge. The cryptocurrency lost 1.9% to $86,386.
The Stoxx 600 index leaves 1.1% on the ground. Paris fell (-1.5%), Frankfurt and Milan (-1.1%), London (-0.9%) and Madrid (-0.8%). The main price lists are measured by the luxury sector (-2.5%) and the automotive sector (-1%). Negative session also for banks (-1.1%) and insurance companies (-1.2%).
Sales of utilities (-1%), with the price of gas rising 0.4% to 43.9 euros per megawatt hour. Energy performed poorly (-0.6%), reduced by the increase in oil prices. WTI gains 1.2% to 68.85 dollars per barrel and Brent at 72.60 dollars (+1.1%).
The only growing sector is the technology sector (+0.8%), with expected investments in artificial intelligence.
In Piazza Affari the strong decline in Mediobanca (-8.1%), after the results of the first quarter of the financial year 2024/2025 with a decrease in profit. Fashion is bad with Cucinelli (-3.7%) and Moncler (-2.1%). Prysmian (-3.2%) and Amplifon (-2.7%) also slipped.
Sales on A2a (-2%), according to the sector on the day of the accounts and despite the growing results and the renewal of the plan. Stm running (+2%). In the light of Bper (+1.8%), Leonardo and Saipem (+0.6%).