Le European stocks close in the red in the wake of yet another negative day on Wall Street. The American stock markets, which yesterday recorded a real collapse, burning over a trillion dollars of capitalization, tried to stay afloat at the opening, but then succumbed again to losses after yet another outburst by Donald Trump who announced that he had "tasked the Secretary of Commerce to add another 25% of duties, bringing them to 50%, on the whole Steel and aluminum from Canada“. The new tariffs “will be effective tomorrow,” the president wrote on Truth, explaining that the increase is a response to the move by the Canadian state of Ontario that “imposed 25% tariffs on electricity going to the U.S.,” a decision that was in turn a reaction to the tariffs imposed by Trump. In the background, fears of a possible recession remain, which are also infecting big managers, so much so that a group of managing directors will meet the president today Donald Trump to the White House to ask for more clarity on trade policy of the administration, while uncertainty among businesses grows.
After a red start, big tech raises its head again: Tesla recorded a rebound, gaining 2,48%, and Nvidia grows by 1,57%. But Wall Street continues to travel in negative territory with Ford e GM which suffered heavy losses of 3,96% and 2,4% respectively, due to concerns over new tariffs on Canada. Stellantis, black jersey of the Ftse Mib with a drop of over 5%.
The US Stock Market's discontent spreads Europe: Business Square closes at -1,38% and loses the psychological threshold of 38 thousand points. Frankfurt leaves 1,33% on the ground, with Volkswagen which, after a morning of strong growth thanks to the accounts, turned negative. Worse Paris (-1,57%) And Madrid (-1,74%). Also in red London (-1,21%) And Amsterdam (-1,66%).
In Milan, all eyes are on Leonardo (+1,74%), which in 2024 achieved a net profit of 1,159 billion euros, up 63% on 2023, which includes a capital gain of 366 million linked to the valuation at fair value of Telespazio. The company raised the 2025 guidance and updated the 2025-2029 industrial plan. Few stocks are rising other than Leonardo: A2A (+ 1,22%), Prysmian (+ 0,95%), Enel (+ 0,33%), Buzzi (+ 0,17%) and Terna (+0,08%). On the other hand, the worst performances (apart from Stellantis) were Campari (-4,06%) And Recordati -3,33%.
Second bad day for banks. Among the worst Ps: (-3,02%), Mediobanca (-2,37%), Unicredit (-2,31%) And Understanding (-2,11%).
Salt it spread Btp Bund at 108 basis points, with the yield on the Italian 3,9-year bond above XNUMX%. Strengtheningeuro against dollar.
