European bags in swing after US duties; Cautious markets, eyes on Fed, ECB, inflation and US-Chia voltages on the rise.
After three nightmare sessions, due to the duties imposed by the USA, the European bags They try the rebound but without a lot of conviction. After a downward 14% reduction in three days this morning they put themselves in swing floating around equality. Milan started up but then braked ballast from Stellantis and all negative banks.
Volatility remains high, with investors who hope for a truce on the tariff front even if in the background there is the spectrum of the recession for the US economy, now foreseen by numerous business houses, from JP Morgan to Goldman Sachs. In this context, the hard blow and response between Washington and Beijing continues while Europe agrees on counter. Yesterday evening, Donald Trump threatened China again, fearing additional charges of 50%. However, the Asian giant responded to a hard muzzle, saying immune from the American “blackmail” and “blackmail” and ready to “fight to the end”. In the meantime, the EU tries to treat, but in the meantime it thinks about countermeasures. The EU ministers have in fact found an agreement in two tranches: on April 15 and May 15th. The vote is scheduled for tomorrow. But the news of the day comes from the Washington Post, according to which Elon Musk, whose heritage dropped by 135 billion dollar, would have tried to convince Trump to revoke the duties, even those on China. But the attempt has not been successful so far.
In this context, the eyes of the markets are focused on central banks. The Fed, after the meeting behind closed doors yesterday, could decide to act on rates already at the next May meeting, with an emergency cut. The data on US inflation will be decisive, which will be published on Thursday. An ECB which will gather immediately before Easter is also awaited.
The Asia and Pacific stock market price lists also aimed at the rebound: Tokyo gained 6.03% after the government declared itself available to deal with Washington to rebalance the commercial balance. Seoul 0.28% and Sidney 2.27%. Still under pressure Taiwan (-4.02%), for high exposure in the technological sector. Not surprisingly, Hon you have, the largest supplier of Apple, for which it also produces iPhone, marks -9.7%. Hong Kong, Shanghai and Mumbai, all on the rise are still open. Down Singapore (-1.44%).
On the other markets, the spread between BTP and Bund is down to 121 basis points, with the performance on the ten -year Italian benchmark stable at 3.82%. The euro/dollar gearbox stands at 1.0957, while among the raw materials, oil tries in rebound, with the Brent and the WTI on the rise of about half a percentage point. Gold also returns to climb, which stands over 3 thousand dollars, while Bitcoin runs beyond 79 dollars with a rise above 6%.
