European stock markets accelerated their losses after the China announced retaliatory measures against the US customs offensive, with a additional tax now 84% on US products. Around 13.20pm the Paris Stock Exchange fell by 3,59% and that of Frankfurt of 3,49%, after briefly losing more than 4%. At the same time London fell by 3,29%, Milan of 3,42% and the Swiss stock exchange by 3,34 per cent.
It therefore becomes more acute nervousness on stock indexes. Meanwhile, Trump announced theintention to extend the tariffs to the pharmaceutical sector as well, which has so far been excluded. The Zurich Stock Exchange is thus affected, sinking by more than 4%.
Il Ftse Eb is travelling in a sharp decline. No stock is saved, a sharp slump for energy workers, who were hit especially hard Saipem ed Eni. In sharp decline Leonardo, Stmicroelectronic e Stellantis. It even collapses Recordati.
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It also collapses crude oil price on the New York Stock Exchange after the Chinese response on duties. A barrel of WTI is in fact traded at 55,47 dollars, down 6,90% compared to the price of the last survey yesterday.
On the currency front, the dollar loses ground against the euro. In the bond market, the spread between 10-year BTPs and their German counterparts Bunds rises to 129 points, up sharply from yesterday's close of 122. The rate rises to 3,957%, up 10 basis points.
Contrasted opening for Wall Street: Nasdaq holds, S&P 500 and Dow Jones down.
In Germany, there is finally a government agreement: the Union (CDU-CSU) led by Friedrich Merz announced the achievement of a coalition agreement with the SPD for the formation of the new German government.
