It disappoints the American occupation. After a move into negative territory in the afternoon, European stocks still manage to find their way up thanks to purchases of energy, raw materials and utilities. The Ftse Mib rises by 1,19%, London by 0,95%, Frankfurt by 0,46% and Paris by 0,73%.
Pressure also eased on Wall Street, which halved losses after two hours of trading. At the close of Europe, the Dow Jones dropped 0,4%, the S&P500 0,58%.
In September the companies of United States they created 142 thousand jobs, while analysts expected an increase of 200 thousand units. The Labor Department specified that the unemployment rate remained unchanged at 5,1%, as expected, or within the threshold between 5 and 5,2% that the Federal Reserve considers a condition of "full employment". .
In September, the American economy "created jobs at a slower rate" than that seen so far in 2015, "since the slowdown in growth abroad and the global financial turbulence weighed on economic activity", he said commented in a note Jason Furman, president of the Council of Economic Advisers of the White House, underlining that "in any case the unemployment rate remains at its lowest since the beginning of 2008 and in the private sector 13,2 million jobs have been created in 67 consecutive months of employment growth, a record series”.
However, the figure speaks in favor of a further postponement by the Federal Reserve of a rise in interest rates: operators are still expecting a wait-and-see position for the October meeting.
On the currency side, the euro strengthened to exceed 1,3 against the dollar and closed at 1,1280, up 0,76%. In the bond market, the rally in the Treasury: 2-year yields fell below 24% for the first time since August 1,36th. WTI oil dropped 44,13% to XNUMX dollars a barrel.
The other macroeconomic data released today in the US do not shine either. Factory orders in the United States fell by 1,7% in August compared to the previous month, worse than the expectations of analysts who expected a contained decrease to 1,2%. The New York ISM index fell in September to 44,5 points from 51,1 in August.
On the corporate front, it should be noted that from next Monday the Google stock will be traded on Wall Street as Alphabet, the name of the new holding company that controls the Internet giant. The move follows the Aug. 10 announcement of the group's new corporate structure in Mountain View, California. Each Google stock will convert into the same number of Alphabet stocks at the end of today's session.
In Piazza Affari, purchases above all push Saipem +6,35%, driven by analysts at Banca Akros, and in line with the other stocks in the sector starting with the parent company Eni. The market is looking at the maxi capital increase on which a pool of banks would already be working, in view of an entry of the CDP and a deconsolidation from Eni. Today the Milan investigating judge Alessandra Clementi acquitted Paolo Scaroni and Eni in the proceeding with alleged bribes paid by Saipem to Algerian public officials at the centre. The Saipem company investigated under Law 231 has been indicted.
Yoox also stands out +4,78% after Consob gave the go-ahead for the merger with Net-à-porter and Bmps +4,46%. Il Sole 24 Ore has in fact indicated that a dossier of an investment bank is circulating on the tables of high finance in which a merger between Intesa Sanpaolo +0,9% and Unicredit +1,16% is hypothesized which would lead, in a second stage, the spin-off of the Italian activities of the group which would be put together with those of MPS.
Mediolanum +4,15% is also among the best of the Ftse Mib. CA +2,44% following the publication of data on Italian registrations, which for the ninth consecutive month outperformed the market.
At the bottom of the Ftse Mib Telecom Italia -2,66% with the market already discounting Vivendi's interest. For the rest, at the bottom of the main basket we find luxury: Moncler -2,52%, Tod's -1,43%, Ferragamo -0,54% and Luxottica -0,16%.
