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.