Investing.com - The number of unemployed people in Spain rose for the second consecutive month in September, underlining concerns over the health of the euro zone’s fourth largest economy, official data showed on Thursday.
In a report, Spain’s Employment Ministry said the number of unemployed people rose by a seasonally adjusted 19,700 last month, compared to expectations for an increase of 31,300. The number of unemployed people rose by 8,100 in August.
EUR/USD was trading at 1.2625 from around 1.2630 ahead of the release of the data, while EUR/GBP was at 0.7794 from 0.7797 earlier.
Meanwhile, European stock markets were lower after the open. Spain’s IBEX 35 shed 0.6%, the DJ Euro Stoxx 50 declined 0.6%, France’s CAC 40 dipped 0.35%, Germany’s DAX retreated 0.5%, while London’s FTSE 100 slumped 0.3%.