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European stock markets close mixed after US employment data.

  • Most of the European stock markets start the session with small losses

The main european bags They closed this Friday with a mixed sign on a day marked by the employment data published in the United States (USA) and after the stock market fall that took place yesterday, the worst since the Credit Suisse crisis.

London and Madrid have lost 0.32% and 0.39%, respectively; Milan has won 0.99%; Frankfurt 0.48%; Paris 0.42% and the Euro Stoxx 50 index, which groups the main listed companies, 0.32%, according to market data consulted by EFE.

The stock markets opened in negative after the significant fall of the previous session (Wall Street had fallen a little more than 1% and the Asian markets also fell) and moments later they adopted an upward trend that allowed Paris, Frankfurt and Milan to get out of the losses before noon.

Moments before the opening of Wall Street, the employment data for June was released in the US, after which the Dow Jones opened in the red and the European stock markets closed mostly positive, with the exception of London and Madrid, which did not reach the Profits.

These reports reinforced the idea of ​​a strengthened US labor market, since, although non-agricultural job creation fell (209,000 new jobs), the unemployment rate fell (from 3.7 to 3.6%) and the average wage increased 0.4%.

These data, together with the ADP survey of private employment presented yesterday, which indicated half a million new jobs, support the rise in interest rates by the Federal Reserve.

At the close of the European stock markets, Brent oil, the benchmark in the Old Continent, rose 1.5% to $77.65 per barrel and the euro appreciated 0.7%, to $1.0965.

The yield on debt in the euro zone has hardly changed compared to the day before, while the ten-year German bond, considered the safest, has closed at 2.632%, one basis point more than the previous day.

Source: Elcomercio

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