Investing.com - The number of unemployed people in Spain fell for the first time in three months in March, easing 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 declined by a seasonally adjusted 58,200 last month, compared to expectations for a gain of 21,300. The number of unemployed people rose by 2,200 in February.
EUR/USD was trading at 1.1377 from around 1.1375 ahead of the release of the data, while EUR/GBP was at 0.8000 from 0.8004 earlier.
Meanwhile, European stock markets were modestly lower after the open. Spain’s IBEX 35 shed 0.1%, the EURO STOXX 50 dipped 0.1%, France’s CAC 40 slumped 0.3%, Germany’s DAX inched down 0.1%, while London’s FTSE 100 advanced 0.1%.