The decline in Piazza Affari and European stock exchanges
Today was a subdued day for Piazza Affari and the other European stock exchanges, with the Ftse Mib closing down 0.8% to 33,167 points. Among the most affected stocks, Stellantis fell by 4.8%, while Pirelli saw a decrease of 4.6%. These losses have been amplified by recent threats from US President Donald Trump regarding new trade tariffs, which have generated concern among investors
.
The exceptions in the market
Despite the negative trend, some stocks showed positive performance. Brunello Cucinelli gained 1.7%, followed by Generali with an increase of 1.6% and Snam, which closed with a + 1.4%. These results highlight that not all sectors have been affected by the same wave of sales, suggesting that there are investment opportunities even in a context of
uncertainty.
Banking risk and its implications
Another hot topic today was banking risk, in particular the preliminary assessment of Banco Bpm’s Board of Directors regarding Unicredit’s offer. The first examination led to a substantial rejection of the proposal, considered not in line with the profitability of the bank led by Castagna. This development could have significant repercussions on the Italian banking sector, affecting merger and acquisition strategies in
the near future.
Trump’s tariffs and the impact on the market
Another topic of discussion is represented by the tariffs that Trump intends to impose against China (10%) and against Mexico and Canada (25%). These countries are among the United States’ main trading partners, and the introduction of tariffs could have a significant impact on trade relations and the global economy. Investors are closely monitoring these dynamics, as they could affect market performance in the coming months
.
Macroeconomic data and future prospects
From a macroeconomic point of view, American data on consumer confidence were published, which showed an increase beyond expectations, while home sales recorded a greater drop than expected. More data are expected on consumer confidence and on new home sales, with particular attention to the Fed minutes that will be released in the evening. Tomorrow, the focus will be on the PCE core, while on Thursday Wall Street will be closed for holidays
.
Bond markets and commodities
In the bond market, the Btp-Bund spread continues to fluctuate around 126 basis points, with the Italian 10-year period at 3.45% and the German benchmark at 2.19%. As far as commodities are concerned, Brent oil is close to 73 dollars per barrel, while gold stands at 2,629 dollars an ounce.
Operators are evaluating the impact of future tariffs on supplies and the potential ceasefire between Israel and Hezbollah in Lebanon.
Trend of currencies and cryptocurrencies
In the currency market, the euro/dollar exchange rate fell to 1.047, while the dollar/yen fell to 153.5. Among cryptocurrencies, Bitcoin returns to 94,400 dollars, showing some volatility in an uncertain market environment
.