Investing.com - The number of unemployed people in Spain declined less than expected in July, underlining concerns over the health of the euro zone’s fourth largest economy, official data showed on Monday.
In a report, Spain’s Employment Ministry said the number of unemployed people fell by a seasonally adjusted 29,800 last month, compared to expectations for a decline of 116,300. The number of unemployed people fell by 122,700 in June.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.08% to trade at 1.3418.
Meanwhile, European stock markets were higher after the open. Spain’s IBEX 35 tacked on 0.5%, the DJ Euro Stoxx 50 rose 0.55%, France’s CAC 40 inched up 0.4%, Germany’s DAX added 0.25%, while London’s FTSE 100 advanced 0.3%.