Investing.com - The number of unemployed people in Spain declined more than expected in June, easing concerns over the health of the euro zone’s fourth largest economy, official data showed on Wednesday.
In a report, Spain’s Employment Ministry said the number of unemployed people fell by a seasonally adjusted 122,700 last month, compared to expectations for a decline of 97,300. The number of unemployed people fell by 111,900 in May.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD inching up 0.01% to trade at 1.3681.
Meanwhile, European stock markets were mixed after the open. Spain’s IBEX 35 climbed 0.1%, the DJ Euro Stoxx 50 rose 0.1%, France’s CAC 40 fell 0.1%, Germany’s DAX picked up 0.2%, while London’s FTSE 100 tacked on 0.1%.