Investing.com - The number of unemployed people in Spain rose for the third consecutive month in October, underlining 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 rose by a seasonally adjusted 79,200 last month, compared to expectations for an increase of 23,400. The number of unemployed people rose by 19,700 in September.
EUR/USD was trading at 1.2500 from around 1.2505 ahead of the release of the data, while EUR/GBP was at 0.7718 from 0.7720 earlier.
Meanwhile, European stock markets were higher after the open. Spain’s IBEX 35 rose 0.65%, the EURO STOXX 50 advanced 0.3%, France’s CAC 40 picked up 0.2%, Germany’s DAX tacked on 0.5%, while London’s FTSE 100 edged 0.2% higher.