Le Trump's threats on tariffs weigh on the European stock exchanges, which, in the wake of the Wall Street's declines yesterday, are roughly flat in the last session of the week. Milan is just above parity (+0,08%), thanks to the leap of Nexi. In the red Frankfurt e Amsterdam, the latter penalized by the chip sector in sharp decline after the collapse of Nvidia and fears for AI. Positive instead, Paris, Frankfurt e London prompted by British Prime Minister Keir Starmer's visit to US President Donald Trump, which may have saved the UK from tariffs.
READ MORE Trump's tariffs have a face and a number
The fear among operators is that the trade war triggered by the US president – with tariffs on Canada, Mexico e China which should come into force next week and with reciprocal duties, expected for the 4th April – may complicate the Fed's fight against inflation and, consequently, also push away interest rate interventions. In this regard, the data has been released January PCE, a key indicator for the Fed, which marks a +0,3% monthly and a +2,6% annual, in line with expectations and the lowest figure since 2021. Although moderate increases could push the Fed to evaluate a possible rate cut, Wall Street opened weak. Trump remains a protagonist also on the geopolitical chessboard: today should be the day ofUkraine's precious rare earths deal.
A Business Square Nexi flies (+9%) after the accounts and with the announcement of the coupon. Recovers Classic Ferrari for sale after yesterday's figures. Few increases including Hera e Campari. In no particular order, the bank employees Bper, Unicredit, Ps, Understanding e Mediobanca. Little move Prysmian, after the flop of the day before following the accounts, also released by Eni. Under pressure stm, along with European and Asian rivals. The latter, in a session weighed down by US duties, have lost up to 10%, while in Europe they are giving way Asml, Infineon e Be. Difficulties also for Pirelli e Pop from Sondrio.
Sstable pre-ad at 107 basis points.
The highlight of today was the shareholders' meeting of Bpm bank for the relaunch on Anima: the assembly approved the modification of the Terms of the takeover bid on Anima, authorising the increase in the consideration from 6,2 to 7 euros per share and giving the board of directors the power to proceed also in absence of the benefits of the Danish Compromise and even in the event of obtaining a participation lower than 66,67%. 97,64% of the capital present expressed itself in favor of the proposal.
At the time of the vote, in fact, 56,67% of the capital was present at the meeting. The shareholders against represented 0,457% of the capital present while the abstentions represented 1,9% of the shares deposited at the meeting. Also Crédit Agricole, with 9,9%, voted yes.
READ MORE: The end of the day
