Sharply declining session for the stock exchanges of the Old Continent. Investors, thanks to the tensions in the Middle East and the uncertainty about the timing with which the Fed and the ECB will cut rates, have preferred to monetize the increases achieved by European stock markets in the first part of the year.
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, many more than the 214 thousand expected, confirmed the economy's resistance to the monetary tightening, contributing, 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.
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