Business Square down, dollar still strong

While the Beige Book, the report released every six weeks by the Fed on the state of health of the US economy and carried out in the 12 districts where the Central Bank operates, it appears that major US producers are increasingly worried because of the effect of duties imposed by US President Donald Trump

The beige book pointed out that duties have contributed to an increase in metal prices and wood in parts of the United States. The Trump administration has imposed tariffs on steel and aluminum (25% and 10%) from some countries, including China, Japan and Russia. He then decided to extend the measure to the European Union and Canada, creating trade tensions and retaliation. Apart from concerns, the effects of duties on US companies are still not visible, which continues to grow and take over

The spread BTP / Bund goes to 219.3 basis points with the performance of 10 Italian years, 48%, while in the morning, as reported by Reuters, the yield on the benchmark Btp at 2 years rose to 0.534%, the lows of mid-June, rising from yesterday to 0.601 %. The spread with two-year German dropped to 120 basis points, rising from yesterday to 126 basis points. This morning, Spain has auctioned with an investment of 4.546 billion euros in bonds maturing in 2023, 2026, 2028 and 2033, and France with an allocation of about 7.5 billion euros with maturities of 2021 and 2024. [19659003] Fca (+ 1.44%) remains on the Milan Stock Exchange, while the market is questioning about the merger of Magneti Marelli. The split, whose first steps have already been formalized, will be through a Dutch vehicle. From the galaxy, Agnelli fell, vice versa, Cnh Industrial (-0.92%) and Exor (+ 0.34%). Stable Ferrari (+ 0.08%). Low Prysmian (- 0.41%) the day when the capital increase of 500 million euros and Tim (- 0.43%) ends even if good accounts are expected of the Brazilian subsidiary, Tim Brasil.