Le European stock markets closed the day in sharp decline under the weight of the duties American, with widespread declines across all the main stock markets. Milan confirmed as the worst place in Europe, with a decline of 3,56%, barely maintaining the threshold of 37 thousand points. The other indices also recorded strong losses: London lost 1,59%, Paris 3,31%, Amsterdam 2,67%, Frankfurt 2,96%, while Madrid recorded a more modest decline of 1,08%.
Overseas things are even worse. Wall Street he appears vulnerable, with the Nasdaq in deep red. In a few hours it S & P 500 it burned in a few hours 2.000 billion dollars. All the Magnificent Seven go down, the worst is Apple which leaves more than 10%. The Petroleum falls below $70 a barrel, while the dollar loses ground against major currencies, with theeuro which rises above 1,1. After reaching new all-time highs, thegold slows down its pace. Ursula von der Leyen, President of the European Commission, leaves the door open to negotiations, but warns: the EU is ready to respond with countermeasures if the negotiations fail, and calls on member states to remain united.
The situation is not improving on the health front either macroeconomic, where the final data PMI on Europe have been overshadowed by growing concern about the fallout from the trade war, with economists now revising global estimates, fearing a recession.
Read EVEN Stocks, no one is safe from Trump's tariffs, not even the US
A Square Business, they are saved Leonardo, Team and utility. It holds up for half the day but then the auto sector collapses, with heavy sales on Stellantis -8% with Citi also lowering expectations on the stock. The banking sector also fell: Banco bpm is in the spotlight after the ECB gave the green light to Crédit Agricole to increase its stake in the bank, putting the takeover bid on hold Unicredit. Rain of sales also for Tenaris, Saipem, Prysmian e stm. The sinks luxury, in line with the major European brands.
Lo spread between BTP and Bund rises to 112 points, with the Italian ten-year at 3,77% and the German Bund at 2,64%.
READ MORE: Stock Market Closing Today April 3
