Key Global Events

European stock exchanges turn red with the Ftse Mib slipping by 0.63% (-0.4% the Dax, -0.5% the Ftse 100, -0.6% the Cac 40) after the Wall futures Street accelerated downwards (-1.19% the Dow Jones, -1.49% the S&P500). The new data relating to the US labor market weighs on the markets, in fact 263,000 jobs were created in November, against the 200,000 expected, while the unemployment rate remained unchanged at 3.7%, as forecast. This could induce the Federal Reserve to continue with the very aggressive strategy adopted so far on interest rates, even if the president of the central institution, Jerome Powell, just a few days ago opened to a slowdown in the tightening on the cost of money.

Forex & Commodities

the euro, which had exceeded 1.05 against the greenback, to be precise at 1.053 (after a high of 1.054) the highest since the end of June, then returned to the 1.04 dollar area.
Oil is down (Wti in January -0.46% to 80.85 dollars a barrel, Brent in February -0.31% to 86.61 dollars), while gas prices reduce the declines to 2.3% to 136 euro per megawatt hour (-6.5% at start-up).

Index – Markets fell in Asia as optimism over China's moves to ease tight controls over the pandemic faded, replaced by concerns over macroeconomic data suggesting a recession in the large Asian country could loom. Tokyo's Nikkei 225 index lost 1.7% while the Hang Seng lost 0.15%.

Key Macroeconomic Data

Wall Street futures accelerated downwards (-1.19% the Dow Jones, -1.49% the S&P500). Weighing on the markets are the new data relating to the US labor market, above expectations.

EU – the producer price index for October relating to the eurozone fell by 2.9% worse than expected (-2%) and the previous increase by 1.6%.

US - In fact, 263,000 jobs were created in November, against the 200,000 expected, while the unemployment rate remained unchanged at 3.7%, as forecast.