Even in a uncertainty bordering on fear, stock titles attempt a recovery, with investors trying to get out of their safe havens gold and silver. The Asian bags this morning they are on the rise, continuing to show a better performance than the United States, but also the Wall Street futures indicate a reopening on the rise after the yesterday's collapse. However, the hot topics in the markets, which dealers call “Scare trade” there are many. On the one hand the increasingly confusing topic of tariffs, which even commercial law experts are struggling to pigeonhole after the latest wavering measures announced by the US president over the weekend. Today Trump will hold his Union speech and sparks are expected.
On the other hand, there are still strong fears for theimpact of artificial intelligence on some businesses, while some investors are jumping on chip makers, considering them the “pickaxes and shovels” of the artificial intelligence supply chain. European stock markets saw little change.
Wall Street fell sharply yesterday amid fears over AI in some sectors and renewed tariff anxiety.
Yesterday the shares of Wall Street have collapsed, due to the continuous fears of upheavals linked to the'artificial intelligence in some sectors and due to the consequences of Friday's U.S. Supreme Court ruling on tariffs. A widespread sell-off sent all three major stock indexes down more than 1%: the Dow 1,66%, the S&P 500 1,04%, and the Nasdaq 1,13%.
The fear of AI, the so-called “scare trade”, which is sweeping across US markets is reflected in the fact that generative AI is redefining business models. business software, professional services and platforms of wealth management, but also insurance brokers, society of credit private, companies computer security and even agencies real estate services. Some also cite the apocalyptic analysis published by a little-known company called Citrini ResearchThe report, published on social media on Sunday, outlined potential risks for various segments of the global economy, using hypothetical scenarios set in the future, specifically targeting food delivery services and credit card companies as those most affected.
On Wall Street yesterday the financial securities fell by 3,3%, while companies linked to the with fell 4,3% due to ongoing fears of artificial intelligence disruption. Also down were airline companies and travel actions due to the huge winter stormThe healthcare index advanced 1,2%, boosted by a 4,9% gain in Eli Lilly after rival's obesity drug CagriSema Novo Nordisk performed worse than Eli Lilly's drug Zepbound in a comparative clinical study.
To report PayPal, which jumped 5,8% after Bloomberg reported that the payments company is attracting acquisition interest.
Friday the Supreme Court of the United States issued a judgment by a vote of 6 to 3, Trump overstepped the bounds of his presidential authority by issuing duties mutually under an emergency economic law. Trump responded by threatening a temporary 15% tariff on all imports, despite having reached trade agreements with many of the United States' trading partners.
Trump delivers his annual State of the Union address today. Members of the Supreme Court will also be in court.
Donald Trump appears more aggressive than everThe Supreme Court “has accidentally and unwittingly given me, as President of the United States, far more power and strength than I had before their ridiculous, stupid, and internationally divisive ruling,” he wrote on Truth US President Trump warned the business partners di don't "play" withdrawing from recently agreed trade agreements, after the Supreme Court struck down tariffs.
Ma some governments, including the European Commission, are calling for clarity. Trump is expected to "stand up" during his annual State of the Union address, scheduled for today, after the setback on tariffs, and could target some of the judges of the Supreme Court members present in the courtroom.
I Asian governments they have doubts. The Japan wants to know whether the treatment granted to the country under the new US tariff regime will be as favorable as that of the agreement reached between the two parties last year. And the government of Taiwan is seeking reassurance from the United States that the favorable terms already agreed upon will not change. Not to be outdone in Washington's trade drama, the China Today it banned the export of dual-use items to 20 Japanese entities that it says have military ties, in a bid to curb Japan's “remilitarization.”
Only One thing is certainU.S. Customs and Border Protection will suspend the collection of customs duties overturned by the Supreme Court last Friday, effective today, February 24.
Asia toasts the Supreme Court. China returns from vacation and rises.
In Asia, investors welcomed the U.S. Supreme Court's decision, which declared most of Trump's tariffs illegal. Stocks in sectors geared toward growth performed particularly well on the stock markets. export, in particular in China, Japan e South Korea showing a Kospi to new records. A Hong Kong Concerns about the impact of AI on tech are weighing heavily. The MSCI Asia Pacific Index recovered previous losses and gained 0,1%: the latter has risen 12% since the beginning of the year, compared to a zero reading for the S&P 500 on Wall Street.
Chinese markets bounce back strongly after the holidays Lunar New YearThe Shanghai Shenzhen CSI 300 and Shanghai Composite indices rose by around 1%. The gains were mainly driven by the strength of export-oriented sectors. Although Trump announced new tariffs under a different legal framework, these were not specifically targeted against China. new duties would also be relatively lower than the previous ones. In addition to trade, the signs of a strong consumer spending During the holiday week, sentiment strengthened. China today kept its benchmark interest rates unchanged for the ninth consecutive month.
Instead the actions of Hong Kong fell sharply on lingering concerns about potential disruptions in the tech sector driven by artificial intelligence. Hong Kong's Hang Seng Index fell nearly 2%, driven by losses in local tech and pharmaceutical stocks. Investors fear that AI developments could erode some tech stocks, especially after anthropic has launched a series of tools that it says could reduce dependence on traditional software. Sharp drops of more than 2% for Alibaba group, Baidu e Tencent.
Il Kospi of South Korea rose 1,9 percent to a record high. chip manufacturers, among which stand out Samsung Electronics e SK Hynix, but also Taiwan Semiconductor Manufacturing they all achieved new records, Investors consider chips the "picks and shovels" of the artificial intelligence supply chain. Data from Nvidia, expected on Wednesday, will give further indications on Samsung and SK Hynix, as both are among the main suppliers of memory chips for the American company. Nikkei 225 of Japan gains 1% thanks to increases by local exporters.
Gold and silver They lost ground after a four-day rally. U.S. Treasuries this morning pared the gains of the U.S. session, during which investors had sought traditional safe-haven assets. Bitcoin is down, settling around $63.000, while the dollar index rose by 0,1%.
European stock markets saw little change. At the Milan Stock Exchange, eyes are on Avio and Saipem.
Futures forecast a slow opening for European markets. The Euro Stoxx 50 Index rose 0,1%.
Enel – Barclays raised its target price to 11 euros, from 10 euros previously, with an overweight rating confirmed.
Moncler Morningstar has lowered its rating to Sell from Hold, with a confirmed target price of €49. Yesterday, the company hosted the financial community at its new headquarters, Casa Moncler, for a tour of the Moncler Grenoble Aspen FW26 collection showroom, followed by a presentation on the Moncler Grenoble brand positioning and a Q&A session with management.
Saipem – It has been awarded a $500 million offshore contract in Saudi Arabia, as part of the Long Term Agreement with Aramco.
Telecom Italy – Preliminary Board of Directors' financial statements and business plan update.
Tenaris – Q4 Board of Directors. BNP Paribas raised its target price to 21 euros, from 17 euros previously, confirming its Neutral rating.
Avio – Virginia approves incentive package for the company’s new solid propulsion engine plant in the U.S.
