The Milan Stock Exchange, mirroring other European markets, experienced another day of significant downward pressure, impacted by concerns over Trump`s tariffs. The FTSE MIB index decreased by 5.18%, settling at 32,853 points.
The Milan Stock Exchange (-5.18%) and other European indices were overwhelmed by the tariff effect.
Trading volumes remained notably high, reaching 8.9 billion euros, a figure close to the recent peak of 9.1 billion euros recorded on Friday. This is significantly higher than the 5.6 billion euros registered on Thursday, when the initial negative impact of American tariff policies became evident.
Across the European stock market landscape, the Spanish exchange demonstrated the poorest performance with a 5.12% decrease, followed by the Paris market (-4.78%) and Amsterdam (-4.76%). The London market experienced a 4.64% decline, while Frankfurt fell by 4.13%.
In the bond market, the spread between ten-year BTP and Bund yields narrowed, closing at 125 basis points compared to 128 at the opening. The yield on Italian bonds stood at 3.86%, with a general rise in rates observed at the end of the day for all European government bonds, particularly British bonds, which increased by 16 basis points.
The euro continued trading slightly below parity against the dollar, showing a 0.45% decrease. Gold experienced a particularly negative session, plummeting to $2,984.4 per ounce with a 1.76% loss. A similar scenario unfolded for Light Sweet Crude Oil, trading at $60.91 per barrel after a 1.75% depreciation.
Among Milan`s blue-chip companies, A2a led the declines with an 8.54% drop to 1.97 euros, closely followed by Recordati (-8.47%). Energy giants also faced substantial losses, with Eni down by 7.72% to 12.04 euros and Enel losing 7.57%. Significant decreases were also recorded for Ferrari (-6.58%), Pirelli (-6.19%), and Telecom Italia, which fell by 6.00%.
The banking sector, after a dramatic start, attempted a partial recovery. Intesa Sanpaolo was the most affected among major credit institutions, closing with a 5.56% decrease. Within the main index of Piazza Affari, only STMicroelectronics attempted to approach parity, ultimately closing in negative territory with a 0.83% decrease.
In the FTSE MidCap segment, The Italian Sea Group (+4.08%), D`Amico (+3.10%), CIR (+1.36%), and Ferretti (+0.84%) stood out positively. Conversely, Salvatore Ferragamo recorded the most disappointing performance, declining by 8.02%.
Regarding listed football clubs, Juventus shares progressed by 0.45% following their draw against Roma, a result considered favorable for their Champions League qualification prospects. Lazio also saw a notable increase, gaining 1.75% after their victory in Bergamo.