Investing.com - The number of unemployed people in Spain fell for the first time in four months in November, easing concerns over the health of the euro zone’s fourth largest economy, official data showed on Wednesday.
In a report, Spain’s Employment Ministry said the number of unemployed people decreased by a seasonally adjusted 27,100 last month, better than expectations for a decline of 10,300. The number of unemployed people rose by 82,300 in October.
EUR/USD was trading at 1.0623 from around 1.0626 ahead of the release of the data, while EUR/GBP was at 0.7047 from 0.7049 earlier.
The Investing.com euro index, which tracks the single currency against a basket of six major rivals, was at 85.72, compared to 85.74 ahead of the report.
Meanwhile, European stock markets were mostly higher after the open. Spain’s IBEX 35 rose 0.45%, the EURO STOXX 50 tacked on 0.35%, France’s CAC 40 inched up 0.35%, Germany’s DAX advanced 0.5%, while London’s FTSE 100 added 0.35%.