Not everything, but a lot, is the fault (or merit) of Donald Trump and European stock exchanges are struggling, in these first days of the new US presidency, to find a common pace. Even today the closure of the financial markets is contrasted in the Old Continent and Business Square, timidly positive in the morning, finally retreats by 0,57% (to 35.850 basis points), due to sales on banks e utilityThe Milan stock exchange is not particularly rich in technology stocks and this penalises it after the US president announced huge private investments (up to 500 billion dollars) to finance artificial intelligence infrastructure. The renewed spectre of the duties for now it does not weigh particularly on European exchanges (while it has made itself felt on Chinese stock exchanges) and the leaders of the region, meeting in Davos, they seem ready to respond blow for blow to the tycoon's choices.
The EU Commissioner for the Economy, Valdis Dombrovskis, says that Europe will respond proportionally to any US tariff, in order to protect the bloc's economic interests, and the president of the ECB, Christine Lagarde, calls for preparing a European response, but also for reacting, not only by remaining on the defensive, by making large investments and using the huge savings capacity of the bloc's citizens which is now often directed towards extra-European markets.
The tariff weapon is being wielded today by Trump also against the Russia. Make a agreement coming soon with theUkraine, or “I will have no choice but to impose more taxes, duties and sanctions on everything sold from Russia to the United States.”
Read EVEN Stock Market Today January 22nd Live
New records in Frankfurt; Wall Street does well with hi-tech
In the rest of Europe Frankfurt closes on new record levels with a rise of 1,04% which brings the Dax to 21.260 basis points, mainly thanks to Siemens e Adidas, the latter after quarterly results well above expectations.
Luxury keeps morale high Paris, +0,86%, while it retreats Madrid -0,5% and they are flat Amsterdam e London.
The American lighthouse of Wall Street meanwhile lights up the markets with robust increases, especially on Nasdaq (+1,45%), where Netflix rises by 10,74% after surpassed 300 million subscribers with the greatest leap quarterly ever. The title is the best of the S & P 500 (+0,65%). Furthermore Oracle infrastructures rises 7,03% and replicates yesterday's performance on rumors and then Trump's announcement regarding the joint venture with Softbank and OpenAI for the construction of artificial intelligence infrastructure. In the wake Nvidia (+3,76%) enjoys the prospect and regains the scepter of the most capitalized company in the world, while the dethroned Apple (-0,22%) looks at the banquet without enthusiasm.
On the other hand, companies that focus on alternative energy are suffering, while Trump Cuts Over $300 Billion in Funding for the green infrastructure in the United States.
Euro-dollar flat
On the market for the euro-dollar exchange rate is little moved, with the single currency maintaining an exchange rate just above 1,04. The dollar strengthened by half a percentage point against the yen, ahead of the BoJ's monetary policy meeting that will start tomorrow and end on Friday. In the meantime, Tokyo closed today's trading up 1,58%.
Among raw materials, gold futures are modestly down Petroleum, with prices below $80 for Brent and below $76 for Texas crude. gas, which had approached 50 euros per MWh again, fell back to below 49 euros towards the end of the session. Storage is currently at 60% in Europe, but Italy is doing a little better and is at 68%, according to Snam CEO Stefano Venier.
It is confirmed to be a good buy.gold and spot gold is currently trading above $2751 an ounce.
Piazza Affari, industrial and luxury stocks do well
Among the best blue chips of the day in Business Square there are many today titles industrialAt the top of the list stands out Prysmian, +3,42%, which hit new all-time highs after announcing yesterday that it was abandoning a plan to build a plant in the United States to build cables for offshore wind farms.
Stay in the spotlight Leonardo +1,56%, they go up Iveco +1,37% and Interpump + 1,58%.
There is still a rush among the big names to buy the titles of Brunello cucinelli, +1,37%, while it finds the plus sign again Amplifon + 1,12%.
The day was difficult for me instead A2a -2,95% Hera -2,04% Enel -1,55%. Bad Campari -1,99% nexi -1,85% and Saipem -1,59%. Banks also closed the session negatively starting from Ps, -2,3%, Mediobanca, -1,73%, Bpm bank -1,63%.
It deflated during the exchanges Telecom, which closed at -0,77%. The stock had been buoyed by the news that the The Court of Appeal of Rome has rejected the request made by the government to suspend the payment of approximately 1 billion owed to the company for the affair of the return of the 1998 canon. However, the enthusiasm faded in the hours that followed.
Even the performance of Snam It seems rather disappointing, given that the stock is flat (+0,07%), while there were many expectations on the 2029 business plan presented today and which sees slightly better targets than expected.
Spreads down
Government bonds are still trading well, waiting for the ECB to cut rates again by 0,25% next week. How things will go in the future is difficult to say, also following the policies of the world's leading economy.
Lo spread between the 110-year BTP and the Bund of the same duration is slightly down compared to the day before at 3,6 basis points, while the rates are indicated at 2,5% and XNUMX% respectively.
