Markets Going Nowhere, Unemployment Blasts Higher In Italy

venice canal italy night

Photo: Wikimedia Commons

Markets aren’t doing too much at this point.Markets had been down across the board, but are coming back. Italy is now slightly higher. US futures are just a bit lower, to the tune of 0.5%. Italian yields are a touch higher. Mostly things feel pretty calm.

In Italy, unemployment unexpectedly shot up to 8.5%, as the real economy continues to fall off a cliff.

In Germany, unemployment was actually revised to be a touch better than last reported, so that’s something.

Meanwhile, jobs week begins this week, with ADP releasing private sector employment numbers in a few hours.

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