Table of Contents:
Introduction to the new tariffs and their impact on the markets
European stock exchanges opened the day with a negative sign, influenced by the announcement of new trade tariffs by President-elect Donald Trump. This development has created a climate of uncertainty among investors, leading to a significant decrease in market indices. At Piazza Affari, the Ftse Mib fell by 1%, falling to 33,100 points. Among the most affected stocks, Stellantis fell by 5.2%, followed by Pirelli and Iveco, which saw a decline of 2.5% and 2.4% respectively
.
Market and currency reactions
In contrast, some stocks such as Leonardo and Generali showed signs of growth, with respective increases of 0.8% and 1.1%. However, most markets were affected by Trump’s announcement, who said he will impose additional tariffs of 10% on goods from China and 25% on those from Mexico and Canada. This move had an immediate impact on the dollar, which gained value, while the currencies of the countries involved depreciated. Asian stock exchanges, in particular, recorded a reversal of previously accumulated gains
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Future prospects and expected economic data
In addition to the immediate impact on the markets, investors are closely monitoring incoming macroeconomic data. News is expected on American consumer confidence and on new home sales, while the Federal Reserve’s minutes will be published in the evening. Tomorrow, the focus will shift to the core PCE, a key indicator for inflation. In Europe, consumer price data is expected for Friday, and analysts expect that this could further influence monetary policy decisions
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Commodity and Forex situation
In the commodities market, Brent oil stabilized at 72.5 dollars per barrel, while the price of gold continued to fall, reaching 2,615 dollars an ounce. This decline was influenced by recent news regarding possible ceasefire between Israel and Lebanon. In the currency market, the euro/dollar exchange rate remained at 1.048, while the dollar/yen reached 153.9. Finally, in the cryptocurrency world, Bitcoin has seen a further depreciation, falling to
93,300 dollars.
