European stock markets continued their upward trend following positive unemployment rate data in March. The unemployment rate in the Eurozone remained stable at 6.5% on a monthly basis, down from 6.6% last year. In Italy, the rate decreased to 7.2% from 7.4% in February and 7.9% the previous year. Milan gained 0.17%, with London and Frankfurt performing better at 0.4%, while Paris saw the biggest increase of 0.6%.
Notable stocks at the Milan Stock Exchange included Intesa Sanpaolo, which reported a 17% increase in quarterly net profits to 2.3 billion euros, although it dropped by about half a percentage point. Webuild saw a rise in its stock price after analysts positively assessed its proposal to rebuild the collapsed Baltimore bridge a month ago. In the afternoon, at 2:30 pm, data on the US labor market will be released. If the data demonstrates the robust health of the American job market, it could give the Federal Reserve more leeway to maintain high interest rates for a longer period.
New York Stock Exchange is expected to open higher, as Wall Street futures are positive. Additionally, there will be a new BTP bond tender for small investors next week, offering a guaranteed minimum interest rate of 3.35% for the first three years and 3.90% from the fourth to the sixth year. This could present an attractive investment opportunity for individual investors looking for stable returns.
Overall, European stock markets saw a positive trend during the trading session following encouraging employment data for March. Italy’s unemployment rate fell to 7.2%, while Milan, London, Frankfurt, and Paris all experienced gains in their stock markets. With the release of data on the US labor market later in the day, investors will be watching for indications of the strength of the American job market and its potential impact on interest rates. The positive outlook for Wall Street futures suggests a favorable opening for the New York Stock Exchange.
In addition to stock market movements, attention is also on the upcoming BTP bond tender for small investors, offering attractive guaranteed interest rates. This could provide individual investors with an opportunity to earn stable returns on their investments. The positive performance of key stocks, such as Intesa Sanpaolo and Webuild, reflects the overall optimism in the market regarding financial sector performance and infrastructure projects. As global economic indicators continue to evolve, market participants are closely monitoring data releases and geopolitical developments to make informed investment decisions.
