European stock exchanges affected by data on unemployment and inflation. Milano it yields 1,35% and the spread however travels to 214 basis points, after having dropped to 211 points, with a yield of 3,77%, the lowest since May. Paris -1,46%, Frankfurt -1,92%, London -1,24%.
In the Eurozone unemployment it was stable at 12%, the same level as the previous two months and against 11,9% in December 2012. The unemployed in the EU are instead at 10,7%, down from 10,8% in November. The youth unemployment rate (up to 25 years) is 23,8% while in December it was 23,2% in the EU as a whole and 23,8% in the euro area. In Italy there was a drop in the percentage of unemployed, to 12,7%, recording a decrease of 0,1% compared to November and an increase of 1,2% on an annual basis. But in just one year Italy has lost 100 employed young people. The total number of unemployed, equal to 3, fell by 229% in quarterly terms (-1), but increased by 32% on a trend basis (+10). As for the youth unemployment rate (293-15 year olds), it fell to 24%, down by 41,6 percentage points on November, but still growing on an annual basis (+0,1 points).
Inflation data for the Eurozone they recorded an unexpected drop of 0,7% in January, according to the preliminary estimate released by Eurostat, after having already slowed down to 0,8% in December. Instead, analysts had estimated a slight recovery in inflation to 0,9 per cent. The data puts further pressure on the ECB and fuels fears about the risk of deflation.
Now the market is looking at the data arriving from the USA, after the fourth quarter GDP result released yesterday which proved to be in line with expectations. In particular, the data on personal consumption for December is awaited. The euro-dollar exchange rate is 1,3550.
In Europe they are in the light luxury stocks, from Lvmh to Christian Dior passing through Hermes and in Italy Ferragamo shines +4,09%, best stock of the Ftse Mib which benefits from the strong growth in the accounts released last night. New sprint out of Cucinelli's main basket +3,85%. Yoox +0,83%.
The Swedish home appliance giant under pressure Electrolux which announced cuts and closures in Italy. At a distance, among the best of the Ftse Mib and in contrast with the overall trend of the index, we find Tenaris, +0,85%, Wdf +0,47%. Fiat sinks to the bottom of the basket - 2,48%, whose recovery that began yesterday lasted shortly after the strong sales that hit the stock on the day of the accounts and the presentation of the new FCA group. Down Saipem -2,23%.
Sales again also on banks: Bper -2,36%, Ubi Banca -2,29%, Mps -0,66%, Bpm -0,22%, Banco Popolare -1,25%. Intesa -0,97%, Unicredit -1,97%, Mediobanca -0,88%. Banca Profilo +6,39% announced the new industrial plan. Ferrovie Nord rises by +3,4% after the opening of the managing director of FS Mauro Moretti to the listing.
