The return of the specter of the commerce warfare between the United States and Europe, this time linked to the White House’s goals on Greenland, is agitating the continental inventory markets, that are making ready to open the week within the crimson. The American president, Donald Trump, has introduced duties of 10%, which might probably rise to 25%, on all imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland “until an agreement is reached for the complete and total purchase of Greenland”. In response, European international locations converse of a “dangerous downward spiral” and, in keeping with rumors, are contemplating measures value 93 billion in opposition to the USA. In this context, buyers abandon riskier property and take refuge in protected havens similar to valuable metals, which have risen to new data.
As regards European shares, futures on the Eurostoxx 50 fell by 1.6% and contracts on the Milanese Ftse Mib dropped by 1.37%.
On the forex market, the greenback slipped to 1.1635 for a euro from 1.1598 on the shut on Friday. The buck additionally weakens in opposition to the yen, to 157.83 (from 158.08), whereas the euro/yen ratio is at 183.64 (from 183.33).
On the vitality entrance, the worth of oil is dropping floor, with the WTI for March at 58.95 {dollars} a barrel (-0.82%) and Brent with the identical expiry at 63.62 {dollars} (-0.8%). Natural gasoline retreats in Amsterdam after final week’s rally: on the TTF platform the reference contract is down 6% at 34.66 euros per megawatt hour. New data, as talked about, for gold and silver, with spot supply of the yellow metallic up 1.8% to 4,677.82 {dollars} per ounce and silver up greater than 4% after a brand new high at 94.08 {dollars}. Bitcoin fell by 2.5% to 92,600 {dollars}, even falling under 92 thousand {dollars} throughout the night time.
https://www.ilsole24ore.com/art/borsa-andamento-negativo-i-listini-asiatici-AIWGSDw