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European stocks rose yesterday with Italy

European stocks rose yesterday with Italy setting the pace after a big upward revision in first-quarter economic growth.

Stronger euro zone data has helped push the euro higher against the dollar of late, contributing to the US currency’s worst fortnight since March 2016.
Italy’s FTSE MIB index was the top gaining national market, up 0.6 per cent and fractionally outperforming France’s CAC 40.
However, the greenback rose 0.4 per cent yesterday, hitting session highs after data showed the private sector added 253,000 jobs in May, above economists’ forecasts.
Oil prices initially rose, lifting off Wednesday’s three-week lows, after data showing a big drop in US crude stocks last week.

the greenback rose 0.4 percent on Thursday

However, the greenback rose 0.4 percent on Thursday, hitting session highs after data showed the private sector added 253,000 jobs in May, above economists’ forecasts.
Italy’s FTSE MIB index was the top gaining national market, up 0.6 percent and fractionally outperforming France’s CAC 40.
Bank shares lagged slightly after two major U.S. lenders, JPMorgan and Bank of America, warned on Wednesday that low market volatility would crimp trading revenue.
The euro was down 0.3 percent at $1.1209, having fallen as low as $1.1201 after the ADP data.
Stronger euro zone data has helped push the euro higher against the dollar of late, contributing to the U.S. currency’s worst fortnight since March 2016.

as mentioned in
GLOBAL MARKETS-Italy

However, the greenback rose 0.4 percent on Thursday, hitting session highs after data showed the private sector added 253,000 jobs in May, above economists’ forecasts.
Bank shares lagged slightly after two major U.S. lenders, JPMorgan and Bank of America, warned on Wednesday that low market volatility would crimp trading revenue.
[nL1N1IX0W2] Italy’s FTSE MIB index was the top gaining national market, up 0.6 percent and fractionally outperforming France’s CAC 40 .
The euro <EUR=> was down 0.3 percent at $1.1209, having fallen as low as $1.1201 after the ADP data.
The pan-European STOXX 600 index edged up 0.3 percent, led higher by industrials and consumer staples companies.

collected by :Tod Hinery

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