Piazza Affari is down, in line with the rest of Europe.

The Milan stock exchange fell 0.33% after yesterday's 0.85% loss. The weekly results also fell.

Drops of around half a percentage point also in the rest of Europe.

At the Milan Stock Exchange, the spotlight is on MPS, which released its results this morning. Profit for the first nine months of the year was higher than expected: €1.37 billion. Compared to a year earlier, it fell 12%, but excluding taxes, which had a one-off component the previous year, the increase was 17%. The stock is up 3.20%. Unipol, whose profit rose 45% in the first nine months of the year, is down 2% today.

Wall Street closed down yesterday: the S&P 500 dropped 1.12%, while the Nasdaq tech index fell almost 2%. It was a week dominated by declines in tech stocks, with Nvidia down 7% for the week, its worst week since April. Wall Street index futures are almost unchanged.

Tesla also fell yesterday, with shareholders overnight approving a plan that could see Elon Musk, if the company achieves very ambitious targets, double his share price, which would be worth around $1 trillion. The stock rose 0.20% in pre-market trading.

Asian stocks fell overnight, with tech stocks down in Tokyo and Seoul, and Chinese stocks also falling after an unexpected drop in Chinese exports in October: -1.1% year-on-year.