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US employment, disappointing data sink the stock market

In May, employees in the private sector increased by only 38 thousand units, against the 175 thousand expected by economists – The official report only on Friday – A nightmare day for bankers in Piazza Affari.

US employment, disappointing data sink the stock market

US employment figures are disappointing, at their lowest since last September. According to a study conducted by the Automated Data Processing association and Macroecomic Advisers, non-farm private sector employees increased by 38 in May. A much lower figure than the expectations of economists, who predicted an increase of at least 175 thousand units. The official report will be released on Friday by the Department of Labor. Meanwhile, the April figure, which was also very positive, has also been revised downwards: from +179 thousand to +177 thousand.

The data on the American labor market has worsened the situation in Piazza Affari, the black spot among the European lists since the first exchanges. About two and a half hours after the closure of the Stock Exchanges, the Ftse Mib index fell below 21 thousand points, a loss of 1,01%. All Share, on the other hand, lost 0,87%. Black day for the entire banking sector: Mps (-6,61%), Banco Popolare (-3,48%), Bpm (-2,66%), Intesa Sanpaolo (-2,88%), Unicredit (-2,22 .1,55%) and Mediobanca (-XNUMX%).

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