It closes a week down for the main European bags. A twist right in the last session of the eighth that has turned upside down the trend of the equity indices and zeroed the earnings, albeit restarted, put aside in the previous days.
Trump threats shake markets
The optimism for commercial news and the hold of the real economy in the face of fears on the duties had supported the equity markets in the start of eighth and in the following days. But in the last financial session the American president Donald Trump threatened duties by 50% against the European Union. Separately, the Tycoon said that Apple will have to pay a 25% duty if the phones sold in the country will not be produced within its borders.
To weigh on the markets there is then the Loss for the US Triple rating a by Moody’s. “Although the immediate impact on the market seems limited, this move underlines the growing concerns about the tax sustainability of the United States,” explains Christopher Katanchian, Fi Investment Specialist, T. Rowe Price. “.
Eurozone: first decrease in 5 months
The forecasting data of the investigation SMEs of May they indicated a new drop in economic activity of the eurozone, caused by the nth degree of the new orders. The reduction of the production It focused in the tertiary sector, given that the manufacturing is modestly grown.
Among other macroeconomic data of the week, l‘Inflation in the Eurozone It is stable in April at +2.2% and confirms what was estimated at the preliminary reading by the European statistical office (Eurostat). In the UK, however, consumer prices show a rise compared to the previous month. The greatest upright contributions are derived from the services for building and home, from transport and recreational activities and culture. In France, inflation was increasing by 0.8%. Among other EU member countries, prices slow down in Spain, Italy and Germany.
Bitcoin continues to rise
The Bitcoin has updated new records exceeding the $ 110,000 threshold and reaching a top at 111,864 dollars. Levels never seen that according to Simon Peters, Etoro’s Crypto Markets Analyst, “this could only be the beginning of something much bigger”. The cryptocurrency moves close to the 112 thousand dollars Also supported by the optimism among investors for the bill to the examination of the American Senate, which could lead to clarity on the use of digital currencies.
Gold, the trend is still bullish
Gold in strong rise, A trend that persists from November 2022 without continuity solutions, a trend that leads most of the operators to think of a possible stop of this climb. The gold trend, David Pascucci, analyst of the markets for XTB, observing mainly the dynamics of prices on a monthly basis, is absolutely bullish and does not present any critical issues from a technical point of view, does not present any clear bearish signal. At the macro level, the analyst continues, there is certainly the climate of uncertainty which has been created during 2022 and which continues to date, since the central banks They started to touch up the interest rates after years of immobility. Furthermore, to play a crucial role in this rise was certainly the inflation that in the long term has returned to extreme positivity and still remains relatively high on all western economies.
The weekly performance of bags
The worst performance of the week is recorded by the square of Milan which brings home a drop of over 2 percentage points. Following Paris who gives 1.5% while Frankfurt Limit the descent to 0.30%. Instead, the square of London with +0.9% and that of Madrid uphill by 1.1%. Piazza Affari also affected the technical drop of about 1.77% on the FTSE MIB index due to the detachment by dividing 24 companies belonging to the index, in the session on Monday. The ending sets off for the Wall Street bag.
The best and worst in Piazza Affari
In Piazza Affari, among the worst titles, MPS He leaves over 11 percentage points on the ground, protagonist during the week of the coupon detachment: a dividend of 86 euro cents. Also down theautomotivewith Stellantis as braking by 8.5%, and, luxury, with Moncler downhill by 7.8%. Best Performer is instead the title Leonardo with a +8.4%. The utilities are also good: Acea earn 5.7% while Terna and Hera they go up to about 4%.
