Markets wary amid tariffs, industrial cuts, and global tensions - Jul 7, 2025

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.