(Il Sole 24 Ore Radiocor) – Milan, 08 Nov – The Trump effect weighs on Europe. In the week that saw the tycoon triumph in the race for the White House, the Fed’s new rate cut was not enough to lift the mood of the Old Continent’s stock markets, which closed lower. The worst was the Ftse Mib of Milan which recorded a deficit of 3.94% in the eighth. There were also strong drops for Paris (-3.6%), London (-3.42%), Amsterdam (-3.24%) and Madrid (-3.13%), while Frankfurt (-2) limited the damage. .3%), despite the German political crisis, with the resignation of Finance Minister Christian Lindner. Moving on to stocks, Unicredit (-5.1%) and Intesa Sanpaolo (-4.9%), like the entire banking sector (-1.6%), are experiencing concerns about new US duties and the strengthening of competition American, with the new rules promised by Trump.
The auto sector is also bad, dragged down in Europe by Mercedes (-6.4%) and BMW (7.6%) among the worst stocks in the eighth quarter. The quarterly effect is then felt on Inwit (-6%), Amplifon (-5.8%) and Snam (-5.1%). However, the stocks that could most benefit from the economic deregulation policies and the new approach to the international scenario of the new president of the United States were saved. Among these, energy sectors with Tenaris (+12.1%), defense sectors with Leonardo (+10.8%) and pharmaceuticals with Diasorin (+9.9%). Banco Bpm (+5.7%) is racing through the week with the takeover bid launched on Anima, while Mps (+5.1%) is driven by the accounts effect and speculation in view of the new one.
On the currency market, the euro suffered a sharp decline against the dollar, by more than 1%.
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(RADIOCOR) 08-11-24 18:37:42 (0612) 3 NNNN
