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Spanish jobless claims fall by 55,800 in December

Published 01/05/2016, 03:03 AM
Updated 01/05/2016, 03:03 AM
© Reuters. Spanish jobless claims fall more than forecast in December

Investing.com - The number of unemployed people in Spain fell for the second straight month in December, 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 decreased by a seasonally adjusted 55,800 last month, better than expectations for a decline of 52,600. The number of unemployed people declined by 27,100 in November.

EUR/USD was trading at 1.0811 from around 1.0808 ahead of the release of the data, while EUR/GBP was at 0.7349 from 0.7346 earlier.

Meanwhile, European stock markets were higher after the open. Spain’s IBEX 35 rose 1.25%, the EURO STOXX 50 tacked on 1.2%, France’s CAC 40 climbed 1.2%, Germany’s DAX advanced 0.9%, while London’s FTSE 100 added 1.2%.

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