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The fall in US unemployment pushes stock markets and accelerates tapering

American unemployment in August drops to 7,3% from 7,4% – Milan shines, with the Ftse Mib marking +1,38% after 15 pm – Paris at +0,86%, Frankfurt at +0,68% & London +0,54% – Positive open on Wall Street – Positive reading could accelerate Fed tapering policy

The fall in US unemployment pushes stock markets and accelerates tapering

A wind coming from the United States blows on stock exchanges all over the world and sends Milan out to sea. The U.S. unemployment data in August, which fell to 7,3% from 7,4%, it put its foot on the accelerator of the main squares, whose performance has so far been rather uncertain.

Piazza Affari is the best in Europe, with the Ftse Mib posting +15% after 1,38 pm, a sharp increase compared to the morning. The best rise is from Enel, which grows by more than 5%, but in this case the good performance is not due so much to the news from Washington, but to Ubs, which raised its recommendation to "buy". The worst fall is from Telecom Italia, which loses 1,57%.

In Frankfurt, the Dax 30 grew by 0,68%. Things are better in Paris, with the Cac 40 at +0,86%. London, on the other hand, recorded a +0,54%.

Positive opening also on Wall Street, with the Dow Jones up +0,22% and the Nasdaq up +0,27%.

The data coming from the United States, positive for employment, even if the creation of new jobs (169) was slightly lower than expected, could also have effects on the real economy, leading the Federal Reserve to accelerate the adoption of tapering, the policy of reducing the stimulus plan.

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