Bags Today April 3 | The duties sink the price lists, at Wall Street in smoke 2,000 billion and Milan loses 3.6%: heavy banks and luxury

The duties launched by Donald Trump They get down like a cleaver on markets with European bags travel in red and on the minimums of the day. The indices, which in the first part of the session had been affected but not sunk by the announcements that arrived from Oltreioano, gradually expanded the leaks as the opening of Wall Street approached, in deep red. At the end of the session, the FTSE MIB arrives to lose over 3% (-3.23% at 37,210 points, at the minimums from January). The sentiment of the investors is strongly influenced by the climate of distrust. In this regard, the president of the European Commission, Ursula von der Leyen, said the EU has a « strong package » of countermeasuresbut that he would prefer to negotiate. «Europe has not started this comparison. We don’t necessarily want to take revenge, but if necessary we have a strong plan to do it and we will use it – he said – we are already finalizing the first package of countermeasures in response to the duties on the steel. And now we are preparing for further countermeasures to protect our interests and companies if the negotiations will fail ».

Heavy Wall Street, 2,000 billion in smoke

Donald Trump’s duties are sweeping off $ 2,000 billion in value by Wall Street. For Apple, 274.0 billion dollars are going in smoke, for Amazon $ 181.9 billion and for Nvidia 143.4 billion. Meta, on the other hand, is losing 143.4 billion, while Microsoft and Google 69.1 billion each. Heavy Sell-off for which sees the Nasdaq (the technological titles index) losing over 5.5 percentage points. Now the main scenario is that of a stagnation of the US economy, with the spectrum of a very close recession. In great difficulty the titles of the companies that depend on imports: Nike, which produces half of the shoes in Vietnam, hit hard by the duties, yields 11% and is the worst on the Dow Jones. Behind him Apple, who loses 7.8%. The duties of 25%confirmed on foreign cars: for this reason, General Motors gives 2%, Ford 1.5%; However, according to analysts limited drops, by the fact that Canada and Mexico have currently been spared by mutual duties. The Tesla title gives 3.5%.

Fed prospects

The Fed starts towards the four cut of interest rates in 2025. It is on how much the traders bet, convinced that Donald Trump’s commercial war will prove to be a boomerang for the American economy. According to Michael Strobaek, Global Cio, and Samy Chaar, Chief Economist and Cie Swiss of Lombard Odier «The US rates will bring the duties on imports to levels never seen for decades, increasing the risks of inflation and recession for the United States and global economies. And they add that « although the announcements have not mentioned negotiation margins, we expect efforts to mitigate effective rates ». We expect that « Federal Reserve should manage further economic risks and its interest rate could go down to 2% if the United States should enter the recession ». They imagine « a period of risk aversion to financial markets. The US Treasure titles protected from inflation (Tips), the Swiss franc, the Japanese Yen and the gold should offer opportunities « .

Heavy business square

So brakes Piazza Affari. The industrialists collapse (Stellantis -5.42%, Pirelli -1.8%, Prysmian -5.15%, Iveco -3.98%) And also luxury (Moncler -4.36%, Cucinelli -6.51%). Among the technological STM slips to -6.13%. Energy contrasted: Enel +2.44%, Eni -4.77%, A2A +3.01%, Terna +3.23%. Down banks with BPM -4.73%, Mediobanca -4.26%, MPS -2.68%, Unicredit -6.07%, Intesa -6.02%.. Here the titles in real time. The spread between BTP and Bund stands at 112 points, with the rate of the Italian tenth anniversary of 3.75% (-6 basic points) and the German one at 2.63% (-8 points).

Energy and currencies

The euro rises to 1,1044 on the green ticket. The pound (+1.2%) and the Swiss franc (+2.1%) is also increasing. The commercial policy of Donald Trump, according to analysts, will have a negative impact on global economic growth with the risk of a recession. And on these bases that move oil and gas. The WTI drops by 4% to $ 68.60 per barrel and the Brent of $ 4.1% to 71.89 dollars. In Amsterdam, gas prices drop by 3.7% to 39.72 euros per megawattora.

In Asia

The Asian bags closed in strong decline after the announcement of the new Trump duties. The rates on China now amount to 54%, while those on Japan at 24%. Hong Kong archives the session with -1.75%, Shanghai -0.25%. Previously, in deep red closure for the Tokyo stock exchange with Nikkei which collapsed by 2.73% to 34,751 and the Topix of 3.06% to 2,569 points. Trump has imposed a 24% customs tax on Japanese assets, together with taxes of 25% on cars imports, inflicting a serious blow to the Japanese automotive industry. All sectors are falling, with heavy losses for Toyota it fell by 5.4%, SoftBank Group fell by 4%, Tokyo Electron lost 3.7%and Mitsubishi Ufj collapsed by 7%.