FX.co ★ Italian Stocks Decline

The FTSE MIB experienced a dip to approximately 39,307 during early trading on Wednesday, thereby reducing gains seen in the previous session and mirroring a cautious sentiment prevalent in regional markets. Investor anxiety was palpable in anticipation of the April 2 implementation of US reciprocal tariffs. Reports suggest President Trump is contemplating a two-phase strategy involving high tariffs coupled with potential concessions. Simultaneously, the EU Trade Commissioner engaged in negotiations with top US trade representatives to argue against significant tariffs on EU goods slated for next week, though the result of these discussions remains in question. In the corporate arena, companies such as Ferrari, STMicroelectronics, Prysmian, and Recordati experienced notable declines, each shedding over 1% in value. Additionally, Nexi fell by 1.3%, Davide Campari-Milano dropped by 1.4%, and Pirelli decreased by 1.5%.