Global Trade Tensions Escalate

In a dramatic turn of events, Italy's stock exchange witnessed a sharp decline, shedding 6.78% of its value as the global trade war took a new turn. China's imposition of a 34% tariff on all U.S. imports has sent shockwaves through European markets, heightening fears of a potential global recession.

Market Reactions and Currency Fluctuations

Leading the downturn, Prysmian's stocks plummeted by 11%, reflecting the widespread panic among investors. Amidst the turmoil, the euro saw a slight increase against the dollar, trading at $1.10735, a 0.10% gain, offering a glimmer of hope in these uncertain times.