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Prysmian Daily News Update

Prysmian Daily News Update

By: Prysmian S.p.A.
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“Daily News Update” is Prysmian’s internal audio bulletin, created to share updates on company developments and industry trends. It covers the most relevant news about Prysmian, our sector, and beyond.Prysmian S.p.A. Politics & Government
Episodes
  • Markets in Motion: Tax Clashes, Trade Deals, and Europe’s Energy Bet – July 3, 2025
    Jul 3 2025
    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sector by pledging to curb low-price competition, emphasizing the need for quality improvements and the orderly exit of outdated production capacities.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 mins
  • Markets, Milestones & Prysmian’s Surge: A Day of Shifting Targets and Big Moves - 1.7.2025
    Jul 2 2025
    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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    2 mins
  • Markets Rally as Tariff Talks Ease and Fed Eyes Rate Cuts - 27.6.2025
    Jun 27 2025
    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 mins

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