Last session of the week in clear rise for global share marketswhich however close the octave with the less sign, still conditioned by the war of the duties in place between the USA and its main commercial partners. A moderate optimism has returned to the markets with the attenuation of fears for the American shutdown (block of administrative activities) and in view of New measures of China in support of consumption. Under the spotlight remain the Peace negotiations between Russia and Ukraine and the moves of the future German ChancellorFriedrich Merz, who found an agreement with the Green Party to support the massive investment plan aimed at the rearmament and modernization of Germany.
The last session of the week
Today among the European price lists has shone Frankfurtwith a strong increase (+1.86%). Well too Londonwith a large progress of 1.05%, e Pariswhich advanced by +1.13%.
Rain of purchases on Milanese listwhich brings home a 1.73% gain on the Ftse Mib; On the same line, brilliant day for the Ftse Italia All-Share, which ends at 40,930 points. Excellent performance of the FTSE Italia Mid Cap (+1.57%); On the same line, in cash the Ftse Italia Star (+0.85%). In Piazza Affari it appears that the unwillingness of the exchanges in the last was equal to 3.84 billion euros, with an increase of 656.5 million euros, equal to 20.60% compared to previous 3.19 billion.
Among the Best Italian actions with great capitalizationexcellent performance for Iveco, who records a progress of 7.18%. Leonardo’s Exploit, which shows a 7.13%rise. On TELECOM Italia rpm (+6.19%). Well bought Unicredit, which marks a strong rise of 3.25%. The worst Performance, on the other hand, recorded themselves on Diasorin, which closed at -2.67%. Basically weak Snam, which records a flexion of 1.39%. It moves under the Nexi equality, highlighting a decrease of 1.07%. Moderate contraction for amplifon, which suffers a drop of 0.87%.
US economy data
A Commercial war increasingly intense He weighed on the risk propensity this week, with the US actions that have still lost land compared to European ones. The US rates on steel and aluminum have entered into force and the EU Commission responded with a series of countermeasures, including rates on jeans and bourbon, but also stressed that it would prefer to remove them and find a solution with the United States.
After one possible US recession It was gradually reinforced in the possibilities to be taken into consideration by the investors, some encouraging data arrived, with the inflationary pressures that moderated in February, since the basic consumption price index dropped to 0.2% m/me also the production prices were lower than expected. The number of vacant jobs has increased a little again in January and requests for unemployment have decreased slightly despite the concerns relating to federal layoffs.
The vote in Germany on the debt
Tuesday March 18, The Bundestag will vote for a huge package of tax stimulus, followed by the vote of the Bundesrat Friday March 21st. The package provides for the locking of the brake to debt to essentially allow an unlimited expenditure for the defense and a shadow budget for shopping for infrastructure and climate protection with a fire power of 500 billion euros in ten years. The approval in both rooms is now probable, despite the uncertainty of the last few days, because – after the net “no” by the Greens a few days ago – the CDU/CSU, the Greens and the SPD have found a compromise.
Central banks meetings
The most important central bank to meet next week is the Fedeven if the expectation is that you leave the rates still at 4.25-4.50% at the end of its two-day meeting on March 19th. President Jerome Powell has recently said that “we must not be in a hurry to adapt interest rates and we are well positioned to wait greater clarity” on changes in government policy. With inflation slightly above the objective and the labor market widely in balance, the Fed can therefore afford to wait, also considering that the Trump administration has increased some rates and threatened further measures on April 2.
Among others, the Bank of Japan He will probably leave his reference rate to the current 0.50% Wednesday, after the increase in the rate of 25 base points carried out in January, while the Bank of England He will leave the reference rate of reference to 4.50% Thursday. The meetings of the Central Bank of Switzerland and the Swedenwhich instead should cut the cost of money.
