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 EUR/USD
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%.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.