Bags 10 March | Europe in red, weigh duties and fears of US recession: Tesla collapses to Wall Street

The fears of recession in the United States, fueled by the words of President Donald Trump, sink the bags. The drops are generalized but more technological securities pay, in the wake of the Nasdaq (-3.5%) and Tesla (-10%), after sales in China halved in February. Milan yields 0.95%, however remaining above 38,000 points, Paris loses 0.9%and Frankfurt and 1.75%, while it rages the tussle on the brake reform to the debt, opposed by the German green.

Wall Street

Wall Street accentuates the losses. The Dow Jones retreats by 1.54% to 42,139.12 points, the Nasdaq gives 4.08% to 17,457.41 points while the S&P 500 leaves 2.58% to 5,621.49 points on the ground. The technological index dropped by more than 10% from its maximum December and confirmed a correction on Thursday. The Cboe volatility index, also known as the indicator of Wall Street's fear, has jumped by over 3 points to 26, the highest level from 18 December.

The collapse of Tesla

On the Nasdaq, Among the worst there is Tesla, who gives over over 13% after seven weeks in a row down and canceled the earnings recorded by the November elections. The flexion of the giant of electric car drags down all The other magnificent 7. Meta, Apple, Nvidia record losses over 5%. The motivation consists in the news that the electric car giant founded by Elon Musk gives other land to China: in February he almost halved sales to 30,688 vehicles (-49% per year), For a market share in the aggregate e-car sector that fell 4 percentage points to 3.9%. Heavier, according to the China Passenger Car Association (CPCA) data, is export: just 3,911 units (-87%). Still, the Chinese industry of new energy (nev) industry flies in 2025, with national retail sales ascent 686,000 units last month (+79.7%). The sector had a weight of 49.5% in the ratio with national sales of 1,386 million units (+26%).

Piazza Affari

In Piazza Affari travel to sails explained Diasorin (+4.65%), defensive securities such as utilities, Stellantis (+2.59%) and amplifon (+2.06%), after the purchase of the Kind Group network in Poland. On the opposite front very bad Buzzi (-6.14%) and MPS (-4.52%). Furthermore, in a context in which the risk aversion prevails, even the securities of the defense sector are not able to take altitude, in the previous sessions supported by the investment plans put in the pipeline for the rearmament. Here the titles in real time.

Spread

The spread between BTP and Bund closes little moved to 106.4 basis points against 106.6 points of the start. The yield stands at 3.895%. Here the update in real time.

Energy and currencies

On the currency market, the dollar has been maintained on the minimum for four months: the euro is worth $ 1.084 from 1.0844 on Friday in closing. The dollar/yen stands at 147.176 (147.36), while the European single currency is worth 159.461 yen (from 159.85). It drops from 1.3% to 79,526 dollars bitcoin. On the energy front, the price of oil runs negative: the future April on the WTI marks -1.1% to 66.3 dollars per barrel and the May contract for Brent -1.11% to 69.57 dollars. Relzo by 2.88% to 41.125 euros at MEGAWATTORA natural gas in Amsterdam. Finally, the spread closes up 113 points, one more than on Friday closing.