Frankfurt lost 1.24%, Paris 1.11% while London lost 0.81%. The excellent data on the American labor market, which created 303 thousand jobs in March, confirmed the economy's resistance to the monetary tightening.
This contributed, together with the declarations of some members of the Fed, to weaken the bets for a cut in rates as early as June or July. Reproduction of this article is strictly prohibited in the U.S. without written permission from the publisher.