Le European stock exchanges they closed in rise after Wall Street's change of direction. European markets had started off with momentum, supported by Inflation falls to 2,2% in March, which had fueled expectations of a possible rate cut by the ECB. However, a weak start on Wall Street had initially dampened enthusiasm, bringing caution back to the markets. Attention remains high on tomorrow's announcement on a new round of tariffs that the US president Donald Trump, while the measures on steel, aluminum and cars will come into force on April 2. In the meantime, Ursula von der Leyen opposes European protectionism, calling tariffs a “bureaucratic monster” that fuels inflation and has warned of “very strong countermeasures, if necessary.”
Read EVEN Stocks bounce back, but nerves are on edge as they await Trump's tariffs
A Square Business, the banking sector has stood out, with Unicredit (+2,21%) which gained ground, supported by expectations for Consob approval of the offer on Banco Bpm (+1,93%), expected by April 7. Mps, (+1,84%) instead, rejected ISS's rejection of its capital increase. Purchases also for Bper (+2,11%), e Mediobanca (+1,94%). At the top of the Fste Mib Unipol with a +2,85%. Tim also did well (+2,8%) after the first Board of Directors after Poste-Vivendi agreement. Swing day for stm (+0,71%) despite theagreement with Chinese Innoscience to develop Gan technology, key to AI data centers, renewable energy and electric vehicles. Closing in red for Pirelli (-1,35%), Saipem (-1,21%) And Iveco (-0,5%). Also declining Italgas (-0,9%), despite the completion of the acquisition of 2i Rete Gas.
Out of the main list, Enav closes with a strong increase (+3,84%) after the 2024 accounts: revenues rise to 1,037 billion (+3,7%), net profit by 11,5% and dividend by 17%.
Lo spread BTP-Bund falls to 111 basis points, with the yield on the Italian 3,79-year bond slightly up to XNUMX%.
