Falling bags, Trump returns to threaten the automotive sector – Repubblica.it

MILANO – European stock markets weaken on the new trade plan of Donald Trump, who has returned to the tax on car imports. If, in the morning, the markets had shown a general optimism about a possible positive reversal of trade relations between the United States and China, at the next G20 summit which will begin Friday in Buonos Aires, in the after the second, the barometer is still deteriorated. The first scenario was favored by White House economic adviser Larry Kudlow, who said President Trump believes there is "a good chance" that the two nations will come to an agreement and that face, "a lot of communication with the Chinese government at all levels". Monday, the US head of state had been much more cautious, calling "very unlikely" a change in the fee increase scheduled for January. And in the whirlwind of trade-related statements, the same White House tenant has (re) opened another front, claiming that his administration is studying customs duties on cars produced abroad after General Motors announced its restructuring plan provides for the closure of several plants in the United States.

In this ballet of statements, the lists of the EU eventually fall. London loses 0.18%, Frankfort Yield 0.09% e Paris it's unchanged. kite file 0.18%. In Piazza Affari Pesa, the decline of Tenaris (-6.82%), which refutes accusations of corruption in Argentina made by Paolo Rocca. Also to record the words of Giovanni Castellucci, who confirms going to the exit of Autostrade per l 'Italia to focus on Atlantia holding company. Overall, the four-wheel drive sector suffers as a result of Trump's statements.

Wall Street it resumed after GDP growth, despite a slowdown, and according to estimates: at the close of trade in Europe, the Dow Jones gained 0.69% and the Nasdaq 0.39%. The US economy grew 3.5% in the third quarter, a figure consistent with the first lightning and badysts' expectations. "With this second estimate, the overall situation of economic growth remains unchanged," said the US Department of Commerce. Be that as it may, compared to the previous period, there is a slowdown that affects both spending and household investment, but especially the decline in foreign trade. In the theaters, Trump's new visits to the Fed governor are also heard: "I'm not even a little happy to have chosen" Jerome Powell at the helm of the Central Bank, he told the press. Washington Post. In October, new home sales fell 8.9% from March 2016 to October.

Italian side spread ended at 292 basis points, with the return of the Italian 10-year period being confirmed at 3.25%. This morning, the Treasury placed semi-annual BOTs for 6.5 billion euros, with stable results compared to the previous auction: the yield was 0.163% (compared to 0.159%) and the ratio of l 39; supply and demand was 1.6 times. Investors are waiting to see if the openings proposed by key government officials in recent days will result in facts. He expects to see if, in the clbadroom maneuver, resources will be divided differently – for example, with a larger increase in investments, a partial reduction in the initial allocation of funds to 100 and income of citizenship – or if the expected deficit / GDP level of two tenths of a point, to 2.2%. On this point, however, Brussels remains cold: in an interview with to print Vice-President of the European Commission Valdis Dombrovskis has defined "not enough" a correction of 0.2%.

Optimism in the markets also pushed the Asian stock markets with this morning Tokyo the closed one by gaining 1.02%. On the currency front, the euro is uneven and remains below 1.13 to 1.121 dollar.

Among the macroeconomic data, after the Italian data, German consumer confidence forecasts for next month are also down. This is reported by the index prepared by the Gfk Institute, which decreased in December by 10.6 points to 10.4 the previous month (10.6 also in September). According to the institute, "the economic outlook and revenues do not fully maintain the level of confidence of the previous month". German consumers continue to want to spend, but their expectations for the future of the economy and revenues continue to decline. The Gfk Institute sees this decline in confidence climate morale "the arrival of the first dark clouds in the economic sky". In Italy, in October 2018, industrial producer prices increased by 1.3% compared to September 2018 and by 5.8% compared to October 2017. Istat said that the "strong expansion" on an annual basis it is mainly due to the growth of energy prices.

It moves in both directions oil, traded at $ 51.68 per barrel (+ 0.23%) for Brent and $ 60.09 (-0.2%) for Brent. Weekly inventories of crude oil rose 3.6 million barrels to 450.5 million barrels in the United States. This was announced by the US Department of Energy, referring to the week ended November 23rd. The rise, beyond badysts' expectations, continues for the tenth week in a row and is fueled by record production in the United States. Still downgoldat 1213 dollars an ounce.