After the election of Donald Trump as president of the United States of America, the reactions of the political and institutional leaders of the planet arrive in sequence.
"I congratulate the new American president Donald Trump: I am convinced that the Italian-American friendship will continue to be strong and solid", said the Italian premier Matteo Renzi speaking at the police academy.
"Italy will continue to collaborate with the US: these things will not change, just as our opposition to protectionism and closures will not change", added the Italian foreign minister, Paolo Gentiloni, speaking from Radio Anch'io.
“The ties between the EU and the US run deeper than any political change. We will continue to work together, rediscovering the strength of Europe", wrote the EU high commissioner for foreign policy on Twitter Federica Mogherini.
EU - # U.S. ties are deeper than any change in politics. We'll continue to work together, rediscovering the strength of Europe
— Federica Mogherini (@FedericaMog) November 9, 2016
In a joint letter, the President of the European Council, Donald Tusk, and the number one of the EU Commission, Jean-Claud Juncker, invited Trump to a summit with the European Union "as soon as it is convenient for him". Europe sends "sincere congratulations" and hopes for a visit from Donald Trump, Tusk and Juncker, underlining "that it is more important than ever to strengthen transatlantic relations". The statement published shortly after the announcement of Trump's victory reads instead that "the strategic partnership" between the EU and the US is based on the "shared values of freedom, human rights, democracy and the free market".
The President of the European Parliament, Martin Schulz, said that with Donald Trump as president of the United States "surely the transatlantic relationship will become more difficult". Schulz, interviewed by the first German public channel Ard, made a parallel with "the great fears" aroused by Ronald Reagan and premised that "the United States system is strong enough to support a president like Donald Trump and integrate him". The president of the European Parliament expressed the “hope that Trump will respect fundamental rights and rules. This is a difficult moment in US-EU relations, but Trump deserves full respect. Electoral campaigns are different from politics I hope that now there is a return to rationality and that Trump abide by the American constitution. We are ready to collaborate."
The Russian president Vladimir Putin he "congratulated" Donald Trump on the victory and hoped that "Russian-American relations could emerge from the crisis". The Russian president - who sent a telegram to the new US president - says he is "sure" that the dialogue between Moscow and Washington, based on mutual respect, will respond "to the interests of the two countries". He let the Kremlin know in a note released by the Tass agency.
According to the German Foreign Minister, Frank-Walter Steinmeier, “nothing will be simpler, many things will become more difficult. I expect the United States will more often make decisions on its own. During the electoral campaign, Donald Trump had critical remarks not only towards Europe, but also specifically against Germany. I think we should expect US foreign policy to become less predictable in the coming periods”, but “the transatlantic relationship” represents “one of the foundations of the West”.
The German chancellor is much more institutional Angela Merkel, who offered newly elected US President Donald Trump "close cooperation" based on the values shared by liberal democracies. "Germany and America share the values of democracy, freedom, respect for the rule of law and human dignity, without differences in origin, skin colour, religion, gender, sexual orientation and political beliefs," Merkel said. "Based on these values, I offer close cooperation to the future President of the United States of America, Donald Trump."
Bad impression on the part of theElisha, who "on the eve of the US elections had prepared a single letter of congratulations to Hillary Clinton", as revealed by the French radio RTL, specifying that the Presidency of the French Republic had "evidently not even foreseen the hypothesis of Donald's victory Trump".
But then came the words of Francois Hollande: “This American election opens a period of uncertainty. It must be faced with lucidity and clarity", said the President of the French Republic, underlining the need to be "vigilant and sincere" with the US partner.
The British premier Theresa May instead, he hoped that Great Britain and the United States would remain "close and close partners", adding that he wanted to talk about the "special relationship" between the two countries "at the first possible opportunity".
Among the most enthusiastic, of course, the number one of the French Front National, Jean-Marie Le Pen, who was the first ever European political leader to congratulate Trump via Twitter.
Félicitations au nouveau président des Etats-Unis Donald Trump et au peuple américain, libre! MLP extension
- Marine Le Pen (@MLP_officiel) November 9, 2016
Not even the leader of the League misses the opportunity, Matteo Salvini, who in an interview with Radio Padania does not mince words: Donald Trump's victory is "a blow to globalization" and "it is the revenge of the people, of courage, of pride, of the issues of work and face of bankers, speculators, singers, journalists and pollsters. The people beat the strong powers 3 to 0”.
Another enthusiastic tweet is from Nigel Farage, leader of the UK Independence Party: "It seems that 2016 is about to be the year of two great political revolutions" he commented, adding that Trump's success would be "greater than that of Brexit".
Looks like 2016 is going to be the year of two big political revolutions @realDonaldTrump. Would be bigger than Brexit! pic.twitter.com/jqANN6UU49
- Nigel Farage (@Nigel_Farage) November 9, 2016
Words of deep appreciation also came from the Hungarian conservative prime minister, Viktor Orban, who in a message on Facebook called Trump's victory "great news" because it means that "democracy is still alive". Orban was the only EU head of government to explicitly back the Republican candidate during the election campaign.
"I hope that this choice of the American people" will lead to a series of positive measures regarding "basic rights and freedoms, democracy and developments in our region", commented the Turkish president instead, Recep Tayyip Erdogan.
"We send our best wishes to the new president, that his government can be truly fruitful - said Cardinal Pietro Parolin, secretary of state of the Vatican – and we also assure our prayers that the Lord will enlighten and support him in the service of his country, of course, but also in the service of well-being and peace in the world.
FINANCE MAKES THE FIRST ACCOUNTS, INSTABILITY ON THE STOCK MARKETS
The first hot forecasts are all oriented towards a period of strong instability on the markets, especially stocks. “Given Donald Trump's limited political experience – writes the Chief Investment Office of ubs –, investors will now look to his appointments to the top administration for clues about his policy agenda. It will take time, therefore, for the full implications of this surprise victory to emerge." In any case, “some sectors could benefit from a relaxation of regulation, such as financial services and energy. Others, such as those linked to defense, could benefit from a more expansionary fiscal stance”.
Also for Stefan Kreuzkamp, Cio of Deutsche Asset Management, "Trump's unpredictability and his lack of political experience are more than enough reason to face the coming months with a certain caution". But it is also “quite possible that, after his election, Trump could surprise the markets in a positive way: our hopes are based on his pragmatism, his ability to adapt and in general his lack of political faith. There is a possibility that he could allow political veterans in Congress to pass a rather classic Republican agenda ”.
“With the appreciation of the euro, the decision of a further extension of the Quantitative Easing by the ECB at the next meeting in December – reads the HSBC report "Trump, the global impact" – seems increasingly inevitable, while some kind of policy response from the Bank of Japan and the Swiss National Bank, including at a currency level, may be imminent.
While HSBC highlights the risks of protectionism and trade wars, MPS Capital Services underlines that after the collapse and the subsequent recovery, "however, the sharp declines in share prices remain, the depreciation of the Mexican peso, the marked increase
of the US XNUMX-year rate and the strong rise in copper. These last two reactions are associated with the hypothesis of a strong increase
of infrastructure spending mainly financed by an increase in public debt. The opening of US markets of
afternoon will provide a clearer picture.
More in detail Mediobanca Securities sees four unknowns for Piazza Affari in the aftermath of Donald Trump's victory in the US presidential elections: automotive, presence in Mexico, renewables and pharmaceuticals. The first risk concerns the possible imposition of import taxes for goods produced in Mexico: Trump, analysts recall, assumed tax rates of 30% during the campaign and this "would hit the margins of companies that produce" in Mexico. The focus goes first of all to FCA since its Ebitda is 80% exposed to the United States and, experts estimate, it produces around 10-15% of what it sells in the United States in Mexico. Caution also on CNH and Ferrari but on other automotive titles such as Brembo and Sogefi which use Mexico as a hub from which to export to the United States. As for the other sectors, a review of Obamacare could push pharmaceutical groups upwards. According to Mediobanca, the elimination of the new taxes on healthcare groups could have a positive impact especially for Diasorin (55% exposed to EBITDA in the USA), while the weight of the States on Recordati is much more limited.
