Italy's FTSE MIB breached 51,000 points, rising 1.89% intraday.

CITIC Securities says short-term trading-driven inflows into China’s bank sector are now reversing as market style shifts, causing near-term outflows. From a fundamentals view, the sector is entering a ROE trough-to-stabilisation band of 8-9%; the slope of ROE has improved, supporting valuation upside. Overall, bank equities remain highly compatible with stable allocation capital and absolute returns will continue.

On Nov 9, China's Shanghai Composite Index closed up 11.61 points (+0.32%) at 3,660.79; Shenzhen Composite Index closed down 30.29 points (-0.27%) at 11,145.49; CSI 300 Index closed up 1.83 points (+0.05%) at 4,056.11; ChiNext Index closed down 6.67 points (-0.27%) at 2,458.56; STAR 50 Index closed up 3.76 points (+0.30%) at 1,256.96.