Current situation in Piazza Affari
Today saw Piazza Affari close in the negative, with the Ftse Mib recording a decrease of 0.8%, reaching 33,167 points. Among the most affected stocks, Stellantis fell by 4.8%, while Pirelli saw a decrease of 4.6%. These fluctuations have been influenced by recent statements by Donald Trump, who threatened the introduction of new US tariffs, creating uncertainties
in the market.
Market reactions and stocks bucking the trend
Despite the general climate of uncertainty, some stocks performed positively. Brunello Cucinelli gained 1.7%, followed by Generali with an increase of 1.6% and Snam, which closed at + 1.4%. These results highlight how, in a difficult market environment, there are companies that are able to maintain their solidity and attractiveness
for investors.
Bank risk and Banco Bpm’s valuations
Another hot topic is banking risk, in particular with regard to Unicredit‘s offer on Banco Bpm. The preliminary assessment of the board of directors led to a substantial rejection of the proposal, considered not to be in line with the bank’s profitability. This development has raised concerns among investors, who fear a possible slowdown in consolidation operations in the banking
sector.
Impact of Trump’s trade policies
Trump’s statements regarding the new tariffs, which could hit China with an increase of 10% and Mexico and Canada with a 25% increase, have raised questions about future trade relations. Investors are closely monitoring these developments, as they could have significant repercussions on the global economy and financial markets. The tension is palpable, and market participants are preparing for possible fluctuations in the
coming days.
Macroeconomic prospects and upcoming data
While waiting for more macroeconomic data, investors are focused on American consumer confidence and new home sales. Recent data showed an increase in confidence, but home sales registered a larger decline than expected, with a 17.3% decline on a monthly basis. These economic indicators are crucial for understanding the future direction of the markets and the Federal Reserve‘s monetary policies
.
Final remarks on the commodities and currency market
In the commodities market, Brent oil is close to 73 dollars per barrel, while gold is around 2,629 dollars an ounce. On the currency front, the euro/dollar exchange rate fell to 1.047, while the dollar/yen fell to 153.5. Bitcoin also saw an increase, reaching 94,400
dollars.