Italian jobless rate increases to new high

|By:, SA News Editor

Italian unemployment rose to a fresh record high of 12.9% in January from 12.7% in December and exceeded forecasts that were 12.7% also.

The increase comes despite Italy exiting recession in Q4.

Meanwhile, bond yields have been touching eight-year lows lately. The 10-year is now little changed at 3.47% but fell to 3.455% yesterday.

The FTSE MIB is -0.3%. (PR)

ETFs: EWI, ITLY, ITLT