Starting from the week to forget for equity lists, which discount the concerns of investors for the effects on the economy of American duties. After the strong drops recorded in Asia, where Tokyo lost 4% and Hong Kong 1.1%, the European bags are also in trouble, with Milan and Frankfurt that give 1% and Paris and London 0.9% while in New York the future on the Nasdaq retreat 1% and those on the 0.6% of 0.6%.
Investors close the door to the risk, lightening their wallets, and take refuge in ‘Sicurì ports such as gold, which beats new historic maximums (+1.6% to 3.125 dollars), the Yen (+0.5% on the dollar) and the bonds, whose returns are falling in the hope of a more accommodating policy by the central banks. Over the rise, the oil (+0.5% to 69.71 dollars the WTI) with the threats of duties on Russian crude oil by Trump in the absence of a ceased with the fire with Ukraine. Prysmian (-4%) and banks are suffering in Milan, with MPS (-3%), Banco Bpm (-3%) and Bper (-3%), while the utilities, with Snam (+1%) and Italgas (+1%) rise. He holds Tim (+0.2%) after Poste (-1.4%) detected most of Vivendi’s share.
The BTP-Bund spread rises to 113 basis while the yields of the Italian Bond descend by two points, 3.82%, with the governor of Bankitalia, Fabio Panetta, who warn from the effects of the duties and geopolitical tensions on growth and warns that the weakness of the economy and the inflationary thrusts of the rates will have to balance on the cuts of the rates.