(Il Sole 24 Ore Radiocor) - Milano, 17 nov - European shares turned lower after opening in positive territory, as caution continued to dominate amid concerns over a potential bubble in technology stocks and ahead of Nvidia's quarterly results due on Wednesday.

Investors are also positioning for a busy week of macroeconomic releases on both sides of the Atlantic.

This week will bring PMI data for November from the eurozone and the UK, and eurozone CPI data is due Wednesday. Eurozone construction output for September and the bloc's Consumer Confidence Indicator for November are scheduled for Thursday.

On the data front, the European Commission's autumn forecasts showed eurozone GDP expected to grow 1.3% in 2025, 1.2% in 2026 and 1.4% in 2027, with inflation projected at 2.1% in 2025 and 1.9% in 2026 before returning to the ECB's 2.0% target in 2027.

The Commission now expects Italy's GDP to rise 0.4% in 2025 and 0.8% in 2026. In Italy, consumer prices fell 0.3% month on month, and rose 1.2% year on year in October, in line with preliminary estimates.

At 1050 GMT, Frankfurt's DAX was down 0.52% at 23,763.69 points, London's FTSE 100 lost 0.16% to 9,682.48 points, Paris's CAC 40 slipped 0.40% to 8,137.16 points, Madrid's IBEX 35 declined 0.84% to 16,214.50 points, and Milan's FTSE.

MIB was down 0.55% at 43,754.00 points.

(RADIOCOR) 17-11-25 11:59:26 (0285) 5 NNNN