The European stock exchanges tried, without success, to recover after an overall cautious morning in the wake of the data on American jobs. The Ftse MIb, after a brief upward exploit, however returned to lose 0%, Frankfurt lost 0,59%, Paris -1,53% and London +0,64%. The price lists remain very volatile.
The American macro data are in fact in light and shade. The United States created more jobs than expected, 195 against consensus forecasts of 160, but the unemployment rate did worse than expected, remaining unchanged at 7,6% against the 7,5% expected by analysts. In reality, the unchanged unemployment rate could be interpreted positively, because it could induce the Fed not to anticipate the end of the accommodative monetary policy. The exit strategy will in fact be implemented by Ben Bernanke in the event of robust signs of the economy and could already start in 2013, but at the same time the Central Bank has explicitly set the key unemployment threshold to be reached before interrupting the support for the economy at 6,5%. On Wall Street, closed yesterday for Independence Day, the Dow Jones opened up 0,4% albeit amid reduced trading due to yesterday's holidays. The euro dollar fell by 0,68% to 1,2826. The race for WTI oil does not stop after the tensions in Egypt +0,72% to 101,97 dollars a barrel. Gold still down: -2,55% to 1.220 dollars an ounce.
Fondiaria Sai +3,93%, Mediaset +3,25%, Gtech +3,44%, Bpm +1,91%, Mediobanca +1,5% still shines in Piazza Affari. At the bottom, the Ftse Mib Telecom Italia after the official halt in negotiations with H3G -2,74%, Finmeccanica -1,30%, Buzzi Unicem -1,23%, Fiat Industrial -1,14%, Eni -1,11% .
