After three nightmare sessions, due to the duties imposed by the USA, International stock markets bounce backi, from Asia to the USA. The European stock markets therefore closed the day raising their heads a little: a Milan, Ftse Mib gains 2,4%, returning above the 33.500 point threshold. Paris comes out of 2,5%, Frankfurt of the 2,3%, Amsterdam of the 2,8% e Madrid of the 2,4%.
The Wall Street is on the rise, with the Nasdaq, Dow Jones and S&P 500 all rising more than 3%.
Investors are hoping for a truce on the tariff front even if the spectre of the recession for the US economy, now predicted by numerous investment houses, from JP Morgan to Goldman Sachs. In this context, the exchange between Washington and Beijing. Yesterday evening, Donald Trump threatened China again, raising the possibility of additional duties of 50%. The Asian giant, however, responded harshly, saying it was immune to US “pressure” and “blackmail” and ready to “fight to the end”. In the early afternoon today, Trump intervened again, sending what appear to be the first signs of openness: “China wants a deal very much" on duties, "we are waiting for their phone call, there will be,” he wrote on Truth, also speaking of a call with the president of South Korea. “We are also negotiating with many other countries, all eager to make a deal with the United States,” he added. Whether it was Elon Musk to convince him to negotiate? Washington Post has in fact revealed that over the weekend, Tesla's number one, and Since the beginning of the year, it has lost $135 billion in wealth, would have tried to convince Trump to revoke the tariffs, even those on China. But the attempt has so far been unsuccessful.
In the meantime, the EU is trying to negotiate, but is also thinking about countermeasures. EU ministers have in fact found an agreement on the list of counter-tariffs to be imposed on the US in two tranches: April 15 and May 15. The vote is scheduled for tomorrow, with the CEO of Generali, Philippe Donnet which hopes for a “proportionate and clear EU response”.
READ MORE: Europe hopes for tariff negotiations and attempts to bounce back
In this context, the eyes of the markets are on the central banks. fed, after yesterday's closed-door meeting, it could decide to act on rates as early as the next meeting in May, with an emergency cut. The US inflation data, which will be published on Thursday, will be decisive. A cut is also expected from the BCE.
Returning to Milan, the index Ftse Eb opened strongly up after four consecutive sessions in the red, only to then fall prey to very strong volatility. After the opening of Wall Street, however, the rebound gained momentum, with the Ftse Mib running together with the other lists, driven by the exploits by Leonardo and Unipol, but also from strong purchases in managed savings with Banca Mediolanum, Finecobank and Azimut.
I also bounce Asia-Pacific stock exchange listings: Tokyo gained 6,03% thanks to the rebound of chipmakers Disco, Advantest and Sumco. Seoul 0,28% and Sydney 2,27%. Taiwan (-4,02%) is still under pressure, due to its high exposure to the technology sector. Not surprisingly, Hon Hai, Apple's largest supplier, for which it also produces iPhones, is down 9,7%. Hong Kong, Shanghai and Mumbai are still open, all up. Singapore is down (-1,44%).
In other markets, the spread between BTP and Bund is down 122 basis points, with the yield on the benchmark Italian ten-year stable at 3,82%. The exchange rate euro/dollar stands at 1,094, while among raw materials, the Petroleum tries to rebound, and gold returns above $3.
