Market Developments
The markets were in turmoil last week, influenced by geopolitical tensions between the USA and China. This led to a decline in the dollar and an increase in the euro. In the commodity markets, Trump’s trade policy and China’s export regulations played a crucial role, especially concerning rare earths and technological metals. Meanwhile, the European stock markets mostly experienced negative developments, with exceptions like the Italian market, which was supported by investments in companies such as Stm and Diasorin.
Corporate News
In corporate news, the lubricant manufacturer Fuchs Petrolub stood out, with its stock falling by 6.38% despite positive analyst ratings. Most analysts remain optimistic and see significant upside potential.
Important developments also occurred with the US major banks JP Morgan, Morgan Stanley, and Wells Fargo, which were able to report substantial profits in the first quarter of 2025 despite uncertainties due to Trump’s trade policy. These banks increased their provisions in light of potential loan defaults.
At Stellantis and Ferrari, a decline in sales was recorded; Stellantis delivered 1.2 million vehicles in the first quarter, reflecting a 9% decrease, similar to Ferrari’s performance.
Further Developments
The Federal Network Agency is planning to expand frequency use for logistics centers and retail chains to increase efficiency. Christine Lagarde of the European Central Bank emphasized that the ECB is ready to take measures to ensure financial and price stability.