Investing.com - The euro zone’s unemployment rate held steady in line with expectations at a record high in February, underscoring concerns over the impact of the region’s debt crisis on growth, official data showed on Tuesday.
In a report, Eurostat said that the euro zone’s unemployment rate held steady at a seasonally adjusted 12% in February, unchanged from January and in line with expectations.
Following the release of the data, the euro was lower against the U.S. dollar, with easing down 0.1% to trade at 1.2838.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 added 0.4%, France's CAC 40 rose 0.5%, London’s FTSE 100 climbed 0.8%, while Germany's DAX advanced 0.65%.