Falling bags This week, in a scenario already seen in recent months. The markets remain in fact at the mercy of the announcements of the US administration on dutiesable to hit during some commercial partners or entire economic sectors. This week President Donald Trump announced a tariff increase of 25% on vehicle imports foreign manufacture and parts of cars, which will affect imports for a value of 286 billion dollarswhose entry into force is scheduled for April 2. This has inevitably weighed on the sector on the stock exchange, affecting the more general sentiment of the investments, who also had to deal with macroeconomic data worse than expectations.
Today’s session
In the European scholar scenario he slipped Frankfurtwith a clear disadvantage of 0.96%, substantially unchanged Londonwhich reports a moderate -0.08%, and in red Pariswhich highlighted a decisive drop of 0.93%.
Negative session for Piazza Affariwith the Ftse Mib who left 0.92%on the parterre; On the same line, the Ftse Italia All-Share lost 0.90%, ending the session at 40,987 points. Under equality the Ftse Italia Mid Cap, down 0.65%; On the same trend, the Ftse Italia Star (-1.1%) is negative.
Among the best Blue chip of Piazza Affari, a decidedly positive balance for Ferrari, with a progress of 2.58%. Good performance for Snam, which grows by 2.40%. Supported Inwit, with a fair profit of 2.24%. Good ideas on Enel, which shows an advantage of 2.22%. The strongest discounts, however, occurred on Iveco, who filed the session at -4.00%. Bad performance for Stellantis, who recorded a discounted of 3.94%. Also bad stmicroelectronics, -3.71%, and Unipol, -3.54%.
Macroeconomic data
As for the macroeconomic data released in the Old Continent, in March theEconomic situation index of the Eurozone He came back surprisingly to fall, after two months of recovery, to 95.2 from 96.3. On the sectoral basis, the third consecutive improvement of industry was recorded (-10.6), against a sudden correction for services (2.4, minimum from April 2021). In industry, progress has been pulled above all by expectations (thanks, probably, to the prospects of fiscal expansion), while from production and orders only signs of stabilization not yet compatible with a decisive reklection of short -term activity have emerged. In the services the investigation was instead consistent with a slowdown (but not yet a contraction) of the sector in the 1st semester 2025.
In United States In February, personal income unexpectedly accelerated at +0.8% m/m but private consumption rose (less than the expectations) of +0.4% m/m, making the highest level reach the highest level since June (emblematic of a more prudent attitude from families, whose arrender has increased according to some high frequency indicators). In the same month the PCE Headline showed variations in line with the expectations and with the previous one ( +0.3% m/me +2.5% a/a), while the core has marked higher increases of a tenth to consent and the previous one: +0.4% m/me +2.8% a/a.
Next week
Wednesday 2 April, the US administration will announce mutual rates on its commercial partners. While some new rates (on China, Mexico, Canada, for steel and aluminum) have already been implemented and other rates have been announced (25% on cars from April 2), Trump defined On April 2, the “Big One” and the “Liberation Day in America”. The reactions of the other countries must also be observed.
On the macro front, there is expected for the Report on the US labor market. Until now, the US labor market has rectned relatively well, in contrast with the deterioration of the “soft” data of the polls on consumers and companies. In addition, the ISM polls of March is likely to show weakness, in line with the recent deterioration of other polls on companies and consumers, led by rates and political uncertainty.
