Le European stock exchanges They are tonic at mid-day, consolidating the morning's gains, encouraged by the announcement of the American president Donald Trump on 'exemption, albeit temporary, of electronic devices (smartphone, pc) from the new duties against China. The move is seen as a opening signal towards a possible dialogue between the two powers, despite Commerce Secretary Lutnick specifying that tariffs could still extend to semiconductors in the coming months. Milan leads the European markets with gains of over 2%.
The more relaxed climate also supports Asia, with Tokyo strong on tech stocks and a sharp increase in Chinese exports in March (+12,4% year-on-year), while imports are still weak. The best Asian market is Hong Kong, +2,40%. Wall Street opens in the greenApple soars +8% and Palantir, +12% which will supply an artificial intelligence system to NATO.
READ MORE: Stocks take advantage of Trump's pause on tariffs
A Business Square the spotlight is on Ps, in view of the meeting on April 17, after the Government green light for takeover bid on MediobancaPiazzetta Cuccia shares are soaring on the stock exchange. The entire banking sector bounces back. Unicredit rises after theGerman Antitrust Authority OKs Orcel to Increase Stake to 29,9% di Commerzbank. The energy sector is also doing well: guide Saipem, boosted by the upgrade to “Outperform” by Mediobanca, while Tenaris advances despite the downgrade. Also recovering stm, which benefits from the truce on tech tariffs after a week weighed down by news on the new restructuring plan. Fly Team awaiting signature for the transfer of Sparkle a mef e Retelit.
Lo BTP-Bund spread drops to 119 points. On the currency front, the dollar remains weak, penalised by the aggressive tariff strategy, and theeuro consolidates above 1,14. Gold and oil move little after a hectic week. Gas, IGI index up to 37,42 euros/Mwh.
Anticipation is growing for the next moves of the ECB, which is preparing for a possible rate cut. Meanwhile, over the weekend, good news for Italy with Standard and Poor's having Raised rating from BBB to BBB+ with stable outlook.
