The threat of bringing duties to EU to 50% from June by the US President Donald Trump cost the main European bags 183 billion in terms of capitalization. Milan was Milan (-1.94%), preceded by Paris (-1.65%), Frankfurt (-1.54%) and Madrid (-1.33%). More cautious London (-0.24%), sheltered from the provision thanks to the agreement signed on May 8 with Washington. ù
They reduce the drop in the final the main European bags. Paris gives 1.8, Milan 1.7%, Frankfurt 1.4%and Madrid 1.2%, while London (-0.3%) approaches equality, favored by the agreement with the USA last May 8. Weak the US lists, with the Dow Jones down by 0.66% and the 1% Nasdaq. The spread between German btp and bund bund and the Italian Bund and the annual yield down 4.6 points to 3.6%, the German one of 6.4 points to 2.58%and the USA of 1.2 points to 4.52%, is settled at 102.6 points. The dollar is weak at 0.88 euros and 0.74 pounds, rising gold (+1.18% to 3,328.7 dollars the ounce). Greggio (WTI +$ 0.69% at 61.63 dollars per barrel) and natural gas ( +0.86% to 36.67 euros per MWh) are positive.
The threat of new commercial rates to the EU brakes the car sector with Stellantis (-4.1%), Porsche (-3.91%), Mercedes (-3.84%), Ferrari (-3.53%), BMW (-3.38%), Volkswagen (-2.74%) and Renault (-1.27%). Under pressure luxury with Swatch (-4.89%), Cucinelli (-3.34%), Hermes (-3.49%), Richemont (-2.25%) and Moncler (-1.61%). Sales on MPS (-2.94%), Unicredit (-2.81%), Socgen (-2.76%), Intesa (-2.75%), Popolare Sondrio (-2.66%), Bper (-2.34%), Banco Bpm (-1.81%), Mediobanca (-1.36%) and Commerzbank (-1.24%). Iveco is an exception (+3.3%), on new maximums thanks to the offers for the defense division (IDV), presented by the Consortium between Leonardo (+0.43%) and Rheinmetall (+0.82%), the Spanish Indra Systems (+3.64%) and the Czech Czechoslovak Group.
Paris: on de-Escalation duties, but the EU is ready to answer
France invokes the ” de-Escalation ” on the issue of duties after the threat of Donald Trump to impose a 50% sovereign on European products, however, remembering that the European Union is ready to respond “to the decisions of the US President.
“In a period of negotiations between the EU and uses the new threats to increase the duties of Donald Trump do not bring any help,” writes the delegated minister for foreign trade, Laurent Saint-Martin, adding: “We keep the same line: the de-Escalation, but we are ready to answer”.
Tajani: “No to commercial wars, we want an agreement”
“No comment” on the statements of Donald Trump on the duties to the EU, “we wait for the talks of this evening of Commissioner SEFCOVIC with the US interlocutors. I had a long phone call with Sefcovic also talking about content, our line is to get to an agreement, no commercial war, the goal is always zero duty-duties”. Foreign Minister Antonio Tajani said this in Mexico City.