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.