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  • Prysmian soars on tariffs. A copper edge and Italy’s role - Jul 9, 2025

    Prysmian soars on tariffs. A copper edge and Italy’s role - Jul 9, 2025
    2025/07/09
    As of July 9, several market fluctuations appear influenced by U.S. copper tariffs, with Prysmian emerging as a potential beneficiary in the sector. Prysmian's shares climbed to their highest point since February, rising up to 4% in Milan after the company indicated it stands to gain from President Trump’s proposed 50% tariff on copper imports. Analysts, notably from Citigroup and Jefferies, have pegged Prysmian as a “relative tariff winner” due to its substantial U.S. operations and domestic sourcing of copper, positioning it favorably against competitors. A spokesperson emphasized their proactive stance in assessing the effects of the tariffs, aligning prices in anticipation of market changes. Furthermore, Alessio Butti, Undersecretary of State to the Presidency of the Council of Ministers, emphasized that the long-distance submarine telecommunications cable supply chain is of strategic importance for Italy, which participates in three of the six key segments thanks to operators such as Prysmian and Sparkle. However, Italy lacks national assets for the installation and maintenance of these cables and faces challenges with long-distance signal repeater technologies. Turning to market updates, the overall market reacted, with European mining stocks, particularly those connected to copper, experiencing declines as traders began adjusting to the new tariffs. Reports indicated a spike in U.S. copper shipments in advance of the tariffs, which are expected to take effect imminently. In global scenarios, Trump's announcement reshapes the trading landscape, stirring volatility among global commodities, especially copper, vital for various industries including electric vehicles and construction. Analysts predict substantial disruptions in metal flows following the tariffs, as U.S. prices surged significantly. Furthermore, Britain secured a deal to unlock 7.5 billion pound ($10 billion) in investments with Japan's Sumitomo Corp 8053.T, funding clean energy infrastructure such as offshore wind and hydrogen projects over the next 10 years, the government said on Wednesday. In political news, Israeli Prime Minister Netanyahu emphasized discussions with Trump regarding hostages in Gaza while addressing regional security. Efforts toward a ceasefire between Israel and Hamas are reportedly ongoing, amid rising tensions and military actions in the region.
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    3 分
  • Tariffs, turmoil and clean energy shocks - Jul 8, 2025

    Tariffs, turmoil and clean energy shocks - Jul 8, 2025
    2025/07/08
    As of July 8, significant trade developments unfolded as Asian economies Japan and South Korea urged the U.S. for tariff concessions ahead of looming deadlines while the renewable energy sector faced new regulatory challenges. Prysmian's relevance was underscored today as the looming stricter tax rules for renewable projects in the U.S. cast uncertainty over market sentiment. Clean energy stocks across the U.S. and Europe suffered declines following President Trump's announcement to impose stricter qualifications for tax incentives for solar and wind energy, which analysts suggest could hinder project approvals. Citi and JPMorgan pointed out that news is pertinent not just for renewables but for companies like Prysmian that will require grid investments due to capacity growth in the sector. Meanwhile, Japan and South Korea initiated negotiations with the United States to mitigate the sharp rise in tariffs set to take effect on August 1, with Japan's focus on protecting its automotive sector. Turning to market updates, the mixed reactions in copper markets followed Trump's tariff announcements, which prompted cautious trading alongside concerns about supply disruptions from Chile, the world's largest copper producer. Copper prices edged up slightly, buoyed by a weak U.S. dollar but limited by demand growth worries. In other market news, Glencore is selling its challenged copper refinery in the Philippines to a local billionaire, as EDF commits significant investment into Britain's Sizewell C nuclear project, reflecting ongoing transitions within the energy sector. In global scenarios, the U.N. Human Rights Council passed a pivotal motion addressing climate change after the Marshall Islands retracted an amendment to phase out fossil fuels, highlighting the complex landscape of climate negotiations. Additionally, the far-right Patriots for Europe group is set to lead negotiations in the EU on a new climate target, potentially complicating future emissions reduction agreements. From the international front, China faces challenges regarding its heavy rare-earth supply amid ongoing conflicts in Myanmar, impacting an integral part of the global supply chain as geopolitical tensions rise. This illustrates the delicate balance between market needs and regional stability as the world navigates through economic and environmental change.
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    3 分
  • Update 07.07.25 new

    Update 07.07.25 new
    2025/07/07
    As of July 7, Prysmian received a "Hold" rating from Baptista Research, with a price target of 68.30 euros, suggesting a potential 15% upside from its last price, highlighting a cautious outlook on the stock. Turning to market updates, U.S. Treasury Secretary Scott Bessent indicated that significant trade announcements are expected within 48 hours as the country approaches a crucial tariff deadline. Following President Trump's declaration of impending higher tariffs, global trade talks intensified, prompting countries to present last-minute proposals to avert steep tariff increases. The backdrop of this turbulence sees investor anxiety rise, notably reflected in Tesla shares, which dropped nearly 7% amid concerns over CEO Elon Musk's new political party and his fraught relationship with Trump. Dow also revealed plans to shut down three European chemical plants, impacting around 800 jobs due to structural challenges affecting the sector. In global scenarios, Canada's Aluminum Association mentioned potential financial support for domestic producers if U.S. tariffs on aluminum persist. Meanwhile, copper prices dipped as fears of additional tariffs weighed on the market, despite recent gains. Notably, China’s restrictions on rare earth exports are creating challenges for global automakers, indicating that trade tensions are affecting supply chains. From the international front, Israeli Prime Minister Netanyahu visited the White House to discuss a potential ceasefire with Hamas as Trump reiterated his commitment to broker peace in the region. Concurrently, Brazil faces scrutiny as illegal loggers profit from carbon credit projects aimed at protecting the Amazon, raising concerns about environmental regulation efficacy.
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    2 分
  • Tax Clashes, Trade Deals, and Europe’s Energy Bet – July 3, 2025

    Tax Clashes, Trade Deals, and Europe’s Energy Bet – July 3, 2025
    2025/07/04
    Some highlights from the news include Prysmian, which saw its target price raised by Kepler Cheuvreux to 74 euros from 72 euros, reflecting positive investor sentiment towards the company. Meanwhile, in the United States, House Republicans moved closer to a final vote on President Trump's sweeping tax-cut bill, overcoming internal divisions. Democrats, led by top House Democrat Hakeem Jeffries, voiced strong opposition, characterizing the bill as a detrimental giveaway to the wealthy. Turning to market updates, the U.S. tariff deal with Vietnam aims to enhance trade volumes, particularly for U.S. energy firms eyeing the Vietnamese liquefied natural gas market. However, the prevalent reliance on coal in Vietnam may hinder immediate gains for U.S. exporters. Additionally, Siemens AG reported that U.S. export restrictions on chip design software for China have been lifted, allowing renewed access for its technology in the Chinese market. In global scenarios, the U.S. has eased some restrictions on exports to China, promoting a truce in U.S.-Sino trade tensions, while the European Union increased electricity import capacities from Ukraine, bolstering its rebuilding efforts after Russian attacks. From the international front, authorities in China are responding to a price war in the solar sector by pledging to curb low-price competition, emphasizing the need for quality improvements and the orderly exit of outdated production capacities. As the day concludes, the financial landscape appears poised for further shifts driven by economic policies and global collaborations.
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    2 分
  • Battaini talks, EV shifts and global tensions - July 4, 2025

    Battaini talks, EV shifts and global tensions - July 4, 2025
    2025/07/04
    As of July 4, major developments range from trade policies to renewable energy initiatives and geopolitical tensions. Some highlights from the news include updates from Prysmian, as Massimo Battaini, CEO, participated in an interview with Sky tg24, reiterating the company’s strategic focus and future endeavors. Additionally, Citigroup has raised its target price for Prysmian shares to 69 euros from 66 euros, reflecting confidence in the company's growth prospects amid a challenging market environment. Turning to market updates, the U.S. electric vehicle tax credits are set to expire on September 30, following the passage of a new tax-cut bill. This legislation, while enhancing benefits for traditional automakers, has raised concerns among clean energy advocates who argue it will hinder the growth of the EV market and diminish U.S. competitiveness in this sector. In the wake of this, Tesla's sales saw a moderate year-on-year increase in June. Meanwhile, Britain launched its first-ever onshore wind strategy aimed at creating around 45,000 jobs while boosting renewable energy capacity. In global scenarios, Germany is pushing legislation to expedite geothermal energy projects as part of its broader efforts to phase out fossil fuels by 2045. Similarly, India is looking to enhance its copper production by inviting foreign investments and establishing smelters amid rising domestic demand. From the international front, President Trump spoke with Ukrainian President Zelenskiy regarding increasing defense capabilities against Russian strikes, emphasizing international cooperation and joint defense production. As geopolitical tensions rise, discussions surrounding military aid remain critical for Ukraine’s defense strategy.
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  • Markets, Milestones & Prysmian’s Surge - 1.7.2025

    Markets, Milestones & Prysmian’s Surge - 1.7.2025
    2025/07/04
    A day marked by significant economic and environmental developments unfolds, with attention on key market shifts and legislative battles. Some highlights from the news include Prysmian's positive reception on Wall Street, with Deutsche Bank raising its target price for the company to 69 euros from 67 euros, reflecting confidence in its performance. Similarly, Jefferies has boosted its target for Prysmian from 68 euros to 72 euros, citing an expected positive update ahead of its upcoming quarterly results, primarily driven by continued growth in U.S. electrification and contributions from its Power Grids segment. Additionally, Prysmian has been recognized as one of the Top 40 most sustainable companies globally, with ambitious targets to reduce emissions significantly by 2030, well ahead of schedule. Turning to market updates, the U.S. Senate is grappling with internal divisions as it attempts to pass President Trump's expansive $3.3 trillion tax and spending bill. With votes expected soon, Republican leaders are scrambling to secure support while debates about cuts to Medicaid and other programs intensify. In global scenarios, the rare earth magnet industry is experiencing a shift as users are prompted to pay premium prices for supplies outside China, highlighting ongoing supply chain challenges amid evolving global trade dynamics. From the international front, Europe faces severe heatwaves prompting closures of schools in France and warnings about increased wildfire risks. Meanwhile, the U.S. Supreme Court's recent rulings have dealt significant blows to environmental protections, drawing criticism from advocates concerned about public health and safety. As the day progresses, these developments encapsulate a world where sustainability, economic stability, and legislative action remain interlinked and of paramount importance.
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  • Markets Rally as Tariff Talks Ease and Fed Eyes Rate Cuts - 27.6.2025

    Markets Rally as Tariff Talks Ease and Fed Eyes Rate Cuts - 27.6.2025
    2025/06/27
    Today's market reflects optimism as expectations shift regarding trade tariffs between Europe and the United States. Some highlights from the news reveal that European stock markets, buoyed by these hopes, saw increases, particularly in Paris, where the index rose 1.2%. Milan's Borsa also showed positive momentum, ending nearly 1% higher, with Prysmian and Ferrari outpacing the gains. Turning to market updates, U.S. stock index futures are on the rise, with investors projecting potential rate cuts from the Federal Reserve as they await crucial inflation data. This comes amid a landscape where a ceasefire in the Middle East allows investors to focus on domestic economic indicators, which suggest a dovish monetary policy may be necessary. In global scenarios, copper prices saw a slight dip following disappointing industrial profit data from China, signaling a drop in factory activity. However, experts note that underlying demand remains strong, particularly related to investments in energy infrastructure. From the international front, U.S. Defense Secretary Pete Hegseth reported no evidence that Iran transferred its enriched uranium to avoid potential strikes, following military operations targeting Iranian facilities. The implications of these actions are significant as they affect diplomatic relations and nuclear oversight. As these narratives unfold, the interplay between global markets, technological advancements, and geopolitical developments continues to shape the landscape moving forward.
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    2 分
  • Ceasefires, Circuits, and Summits: A World in Flux - 27.6.2025

    Ceasefires, Circuits, and Summits: A World in Flux - 27.6.2025
    2025/06/27
    Today's news reflects a complex interplay of global tensions, market strategies, and diplomatic efforts. Some highlights from the news reveal that the ceasefire brokered by U.S. President Donald Trump between Iran and Israel appears to be holding, with Trump's envoy indicating promising talks may lead to a long-term peace. Following a devastating air war, both sides claim successes, but casualties in Iran and Israel raise questions about the conflict's aftermath, as reported by Reuters. Turning to market updates, Portugal's energy minister is advocating for EU co-financing to modernize European grids, aiming to prevent further outages like the one experienced in Iberia. Meanwhile, Verizon has secured a private 5G contract for Thames Freeport, enhancing connectivity for industrial applications amid the gradual adoption of this technology in European ports. In global scenarios, a U.S. judge temporarily blocked the Trump administration from withholding electric vehicle charging infrastructure funds, signaling potential legal battles over the federal government's authority. The EU has also agreed to loosen gas storage rules, aiming to alleviate market pressures as winter approaches. From the international front, Trump's NATO summit remarks reassured allies of U.S. commitment, emphasizing increased defense spending amid evolving geopolitical threats. Simultaneously, the rhetoric between China and Taiwan escalates, with historical interpretations fueling tensions as Taiwan asserts its sovereignty. As the day unfolds, the emphasis on strategic diplomacy and regulatory landscapes suggests a shifting global order with potential long-term implications for peace and economic stability.
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    2 分