Italian Stock Exchange Mixed as Luxury Sector Shines, Banking Concerns Linger – November 28, 2025
Milan – The Italian Stock Exchange experienced a volatile session on November 28, 2025, with trade volume rising to 2.62 billion euros, a slight increase from Thursday’s 2.52 billion euros. While broader market anxieties saw Bitcoin dip below $91,500 (approximately €78,500) and the BTP-Bund spread approach 70 points with a ten-year BTP yield steady at 3.4%, a strong performance in the luxury goods sector offered a counterpoint to nervousness surrounding banking stocks.
The session’s movements reflect ongoing investor sensitivity to global economic indicators and geopolitical uncertainty, impacting both currency valuations – the euro returning to $1.16 - and safe-haven assets like gold, which nearly reached $4,250. The diverging fortunes of Italy’s banking and luxury sectors highlight a growing divide in market confidence, with analysts closely watching for signals of sustained recovery in the financial industry and continued growth in high-end consumer spending.
Sector Highlights:
* Banking: Monte dei Paschi di Siena suffered a 2.12% decline,closing at €8.153, following previous session corrections. BPER Bank bucked the trend, gaining 0.63% to reach €10.38.
* Luxury: Moncler led gains with a 1.57% increase to €58.12, boosted by a JP Morgan upgrade to “Overweight” and a raised target price of €70. Salvatore Ferragamo rose 2.38% to €7.945, also benefiting from a JP Morgan upgrade to “Neutral” with a target price of €7.5. Brunello Cucinelli saw a 1.75% increase to €91.66, as JP Morgan raised its target price from €125 to €130 while maintaining an “Overweight” rating.
* Industrial: Leonardo increased by 1.56% to €46.91 following the presentation of its new integrated defense system, ”Michelangelo Dome.”
