Negative European stock exchanges opening awaiting the data on American employment which will be released in the afternoon. Analysts expect an increase of 220 jobs and a drop in the unemployment rate by one decimal to 5,2%.
Business Square at 9,45 am it lost 1,49%. All the blue chips and luxury stocks were negative: Yoox (-2,8%), Moncler (-2,7%), Ferragamo (-2,1%). Unicredit is also bad, losing 2,2% after rumors of a possible cut of 10 jobs in Italy, Germany and Austria.
The other European markets are also bad with Paris losing 1,4% and Frankfurt leaving 1,5% on the ground. Meanwhile in Germany industrial orders are down after the jump marked in June. The figure for July, communicated by the National Statistics Office (Destatis) recorded a drop of 1,4%, greatly disappointing the estimates of analysts who had forecast a drop of 0,4%.
The exchange rate between the Euro and the Dollar remained substantially stable in the first trading of the morning on the European currency markets. The single currency is trading at 1,1130 dollars.
In Asia we must emphasize the heavy closing down of the Tokyo Stock Exchange which lost 2,15%. The Tokyo Stock Exchange thus closed a week characterized once again by worries about the slowdown of the Chinese economy: the Nikkei index, excluding Thursday, has strung together a series of negative sessions, with an overall drop of 7,02% (-1.300 points).
The Chinese stock exchanges are still closed for the holidays following the end of the Second World War.
