The Limited Times

Now you can see non-English news...

Europe flies on the stock exchange, + 2.9% for Milan

2022-11-04T16:24:23.683Z


Markets are driven by the jump on Wall Street, after positive US employment data. The rumors of the end of the 'Zero Covid' policies in China make luxury titles fly. Gas is still bad, with a drop of 8.3% (ANSA)


The

European stock exchanges

lengthen their pace after the decisive start of

Wall Street

in the wake of the positive data on

American employment

, which confirm the strength of the

stars and stripes economy.

Milan also

advanced by 2.9%.

The

US

created

261,000 jobs

in October , a slight decrease compared to the

263,000 of the previous month

, but still

higher than expected

.

The unemployment rate rose to

3.7% compared to 3.5%

, due to greater participation in the labor market, especially in the health, professional and technical services and manufacturing sectors, according to the report by the Ministry of Labor.

These are the data that drag the three main indexes of

New York

, up by about

1.7%

.

The exchanges are still waiting for clearer indications on what the

Federal Reserve could do

, the US central bank, and US inflation data, which will be released next week.

In the meantime, however, Paris leaps by 3.3%, Frankfurt by 2.9%, together with Piazza Affari, and London by 2.4%

.

Bets on a slowdown in monetary tightening cause

the dollar to sink

, which has recorded the most significant decline since March 2020. In fact, it drops

1.8% against the euro

, with which it trades at

0.992

.

The European lists are also pushed by the voices bouncing from

China

on the possible end of the

stringent 'zero Covid' policies

, which give impetus to

luxury securities (+ 7.1% the sector index) and mining ones (+4, 3%)

.

Stocks such as Anglo American (+ 12.2%), Swatch (+ 9.4%) and Kering (+ 8%)

take flight

.

The end of the restrictions also causes the price of oil to take off, with the

WTI jumping 4.1%

a

91.8 dollars a barrel

.

On the other hand, sales on

gas

fell by 8.3% to 115 euros per megawatt

hour

.

Fly

Adidas, climbed up to 22%

, thanks to the rumors of the arrival of the CEO of Puma,

Bjorn Gulden at the helm of the

German sports brand.

Eurozone government

bond yields rose slightly

, with the

BTP-Bund spread falling slightly to 214 basis points

.

In Piazza Affari

, Pirelli (+ 11.1%), Moncler (+ 8.8%) and Amplifon (+ 6% in the volatility auction)

rise while Mps collapses

(-12.4%)

, whose shares are discharged by the banks of the guarantee consortium, and

Leonardo (-6.7%)

in the wake of the accounts. 

Source: ansa

All life articles on 2022-11-04

You may like

News/Politics 2024-04-12T07:12:09.922Z
Life/Entertain 2024-02-22T08:22:24.399Z
Life/Entertain 2024-03-01T08:24:36.246Z
Life/Entertain 2024-03-25T08:24:45.902Z

Trends 24h

Life/Entertain 2024-04-19T02:09:13.489Z
Life/Entertain 2024-04-19T19:50:44.122Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.