Morning trading fell on Wall Street, which was affected by new disappointing indications from surveys on economic activity, in particular the ISM index, which showed a more marked slowdown than expected in the tertiary sector, while orders contracted.
Meanwhile, the European markets have lost momentum after signals from the ECB that have crushed the hypotheses of further expansionary maneuvers on interest rates: there has not even been talk of any cuts in interest rates, Mario Draghi clarified at the press conference. The governing council of Frankfurt thus confirmed the cost of money in the euro area at 1%.
Wall Street was not helped by weekly data on jobless claims, which showed a decline. Now the attention of the markets will focus on the monthly report on US unemployment which will be published tomorrow, and which, based on forecast surveys, is feared to show a further slowdown in the creation of new jobs.
In mid-afternoon, the Dow Jones index dropped by 0,12%, while the Nasdaq dropped by 0,14%. Meanwhile in Europe, Milan is once again suffering declines with a -0,08% of the Ftse-Mib. Frankfurt drops 0,16%, while London and Paris fluctuate around parity.
