European stock markets fall after eurozone unemployment and industrial activity data

The main European stock markets closed this Monday with falls of around 1% in a day marked by the decrease in unemployment in the eurozone in August and despite the improvement in September of both the manufacturing PMI index of that monetary area and the US ISM industrial indicator , although they are still in contraction.

Milan lost 1.39%; London 1.28%; Madrid 1.16%, Paris 0.94%, Frankfurt 0.91% and the Euro Stoxx 50 index, which groups together the main European listed companies, 0.89%, according to market data consulted by EFE.

Although the stock markets started their first trading session of this month of October positively, they began to fall shortly before noon, although moderately, with the exception of the Plaza de Madrid, which traded indecisively during the mid-session.

After the opening of Wall Street with a mixed sign, the Spanish stock market opted for losses and, like the rest of the European indices, increased their fall in the remainder of the trading day.

The markets learned that the eurozone unemployment rate in August fell one tenth compared to July, to 6.4%, which represents the historical minimum for said monetary area.

The PMI index for September of the manufacturing sector of the euro zone was also published, among others, which reflected an increase of one tenth in the contraction of activity and placed the indicator below 50 points for the fifteenth consecutive month, zone which indicates the sustained deterioration of the economic health of the sector.

For its part, in the United States it was known that last month’s ISM manufacturing indicator improved for the third consecutive month, up to 49 points, although it remained in the contraction zone for the eleventh consecutive month. The manufacturing PMI rose to 49.8 points.

At the close of the European stock markets, Brent oil, the benchmark in the Old Continent, fell 4.52%, to 91 dollars per barrel, and the euro depreciated 0.61%, to 1.0508 dollars.

In the debt market, the ten-year German bond, considered the safest, closed with a yield of 2.919%, 8.2 basis points more than the day before.