After a bullish morning, European stock markets deflate in the early afternoon and turn red. The turnaround came following the publication of the Latest US labor data, which disappointed market expectations.
In September, US companies created 142 jobs, while analysts expected an increase of 200. The unemployment rate, however, remained unchanged at 5,1%, as expected. The US Labor Department report raises questions about whether the Federal Reserve really can start raising rates this year for the first time since 2006.
The reaction of the European price lists to these numbers was immediate: Milano turned red by 0,2%, while Frankfurt loses 0,8%, Paris 0,9% and London 0,3%. Heavy boot even a Wall Street, where the Dow Jones opened down 1,3%.
On the currency side, the euro strengthened to exceed 1,3 against the dollar. In the bond market, the rally in the Treasury: 1,9387-year yields drop to 2,042% from yesterday's 2%. The yield fell below 24% for the first time since August 0,0102, when the collapse of the Shanghai Composite was characterized as "China's Black Monday". The three-month bond travels at XNUMX%.
On the Ftse Mib it shines Yoox (+2,69%), after Consob gave the go-ahead for the merger with Net-à-porter. Well too Mount Paschi (+ 2,17%), Saipem (+ 2,12%), Mediolanum (+ 1,31%) and Unipol (+1,05%). At the bottom of the list they travel Moncler (-3,02%), Telecom Italy (-2,75%), Salvatore Ferragamo (-2,50%), Buzzi Unicem (-1,68%) And Luxottica (-1,48%).
