Today’s news cycle is largely dominated by positive developments for Prysmian.

In an interview with The New York Times, CEO Massimo Battaini discussed submarine cables, noting that the company is effectively sold out through 2028, with orders surging to around 17 billion euros. This underscores a major shift in the industry, driven by the growing demand for undersea power cables. In another significant update for Prysmian, Barclays has raised its target price for the company to 102 euros, up from 82 euros, citing robust growth projections in the high-voltage cable sector - which was also outlined in the New York Times article. Analysts estimate an average annual growth rate of 16% from 2020 to 2030, positioning Prysmian favorably amid a demand surge that is dramatically outpacing supply.

On the trade front, the European Union and South Korea are actively pursuing trade deals with the U.S. to mitigate the effects of impending 30% tariffs on imports, as announced by President Trump. The EU has expressed frustration over the lack of progress in negotiations, warning of potential countermeasures should an agreement not be reached by the upcoming deadline. Turning to the markets, there is a notable imbalance as demand for submarine cables continues to grow while supply chains are strained. Alcoa is also experiencing challenges, facing delays in the restart of its Spanish aluminium smelter, which may lead to significant financial losses. In the broader international context, recent developments in Ukraine see the U.S. committing to send Patriot missiles in response to ongoing conflicts, indicating a continuation of heightened military support. This situation underscores the geopolitical ramifications of shifting global trade dynamics and military engagements.

As of July 11, Reuters reported that U.S. President Donald Trump’s planned 50% tariffs on copper, announced Wednesday, would also cover semi-finished products used in power grids, the military, and data centers, citing people familiar with the matter. The tariffs, set to start on August 1, aim to support domestic development in industries critical to defense, electronics, and automobiles. The White House launched a Section 232 investigation into copper imports in February on national security grounds. Economists warn that these sectoral tariffs, similar to those on steel and aluminum, could drive up costs for American consumers. Among the other relevant developments today, U.S. President Donald Trump announced a substantial 35% tariff on Canadian imports effective August 1, a rise from the previous 25%. This decision threatens ongoing trade deal negotiations and has prompted a strong response from Canadian Prime Minister Mark Carney, who vowed to support Canadian workers. Trump also hinted at implementing similar tariffs of 15% to 20% on other trading partners. Turning to market updates, electric truck sales in China have surged, reflecting a significant shift away from diesel, with a reported 175% increase in sales in the first half of this year. This trend has led analysts to adjust their diesel demand forecasts downward, indicating an earlier-than-expected peak in China's oil consumption. Amidst this backdrop, copper prices drifted lower today due to concerns over tariffs potentially impacting U.S. demand; copper futures displayed mixed movements internationally. Italian energy group Eni and Dubai-based Khazna have signed a preliminary agreement to jointly develop a 500-megawatt data centre campus in northern Italy. Looking at broader macro trends, the EU is bracing for further clarity on U.S. tariff strategies, as internal discussions continue over the best negotiating position. Officials are divided between expediting deals to protect industries like Germany's versus resisting unfavorable terms pushed by the U.S. Furthermore, amidst inflationary pressures, the U.S. State Department commenced layoffs affecting over 1,350 employees as part of streamlining efforts to realign diplomatic priorities, causing concern regarding U.S. global engagement in light of heightened rivalries with nations like China and Russia.

Global copper traders are rerouting shipments to China after U.S. President Donald Trump announced a 50% import tariff on copper, effective August 1st. The tariff aims to boost domestic production but has sparked a scramble among exporters, especially in Latin America, to divert cargoes before the deadline. China, the world’s largest copper consumer, is seeing a sharp uptick in offers.

Chilean mining giant Antofagasta says Trump’s copper tariff could revive its stalled U.S. project in Minnesota. CEO Ivan Arriagada views the protectionist move as a long-term opportunity, even as precise details of the policy remain unclear.

Analysts warn the tariffs may backfire, raising costs without significantly boosting U.S. copper output. Existing domestic capacity is limited, and key projects face environmental and legal hurdles.

Sweden’s Polestar posted a 38% jump in EV sales for Q2, driven by strong European demand. However, sales in the U.S. plunged 56%, hurt by tariffs and shrinking consumer incentives. CEO Michael Lohscheller says localizing production is now a strategic priority.

The European Parliament has condemned China’s rare earth export restrictions, calling them coercive. Ahead of a key EU-China summit, lawmakers urged action to reduce Europe’s reliance on Chinese supplies and fund domestic mining projects.

In the U.S., MP Materials is partnering with the Department of Defense to expand domestic rare earth magnet production. The $700 million “10X Facility” aims to secure a critical supply chain for defense and tech.

In France, Nexans and RTE are launching the country’s first industrial aluminum cable recycling program. The initiative will recycle 600 tons of aluminum per year, reducing CO₂ emissions and supporting Europe’s circular economy goals.

The UK government has scrapped plans to split the power market into regional zones. Instead, it will reform the national pricing system, avoiding major disruptions to Scottish wind power investments.

Abu Dhabi’s Masdar and Spain’s Iberdrola will invest €5.2 billion in a major offshore wind farm in the UK. The East Anglia THREE project, launching in 2026, will power over 1 million homes.

Russia bombarded Kyiv just hours before a major donor summit in Rome. Despite the attacks, allies pledged $12 billion to rebuild Ukraine. President Zelensky urged faster use of frozen Russian assets for reconstruction.

Trump’s claims that wind and solar make the grid unstable are contradicted by Texas, where renewables have helped reduce blackout risks and lower prices. The Electric Reliability Council of Texas reports improved stability this summer, despite Trump’s rollback of clean energy subsidies.

And finally, EU utilities increased output from coal and gas in early 2025 as renewable production dipped. Lower wind and hydro levels forced a temporary reliance on fossil fuels, reversing previous emission gains.

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.

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.

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.

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.

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.

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.

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.