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Spanish jobless claims fall by 13,500 in February

Published 03/03/2015, 03:03 AM
Updated 03/03/2015, 03:03 AM
© Reuters. Spanish jobless claims fall by 13,500 in February

Investing.com - The number of unemployed people in Spain fell unexpectedly in February, easing concerns over the health of the euro zone’s fourth largest economy, official data showed on Tuesday.

In a report, Spain’s Employment Ministry said the number of unemployed people declined by a seasonally adjusted 13,500 last month, compared to expectations for an increase of 10,500. The number of unemployed people rose by 78,000 in January.

EUR/USD was trading at 1.1191 from around 1.1205 ahead of the release of the data, while EUR/GBP was at 0.7277 from 0.7284 earlier.

Meanwhile, European stock markets were modestly higher after the open. Spain’s IBEX 35 rose 0.15%, the EURO STOXX 50 climbed 0.15%, France’s CAC 40 advanced 0.2%, Germany’s DAX ticked up 0.2%, while London’s FTSE 100 edged 0.15% higher.

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