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Spanish jobless claims rise by 57,200 in January

Published 02/02/2016, 03:03 AM
Updated 02/02/2016, 03:03 AM
© Reuters. Spanish jobless claims rise less than forecast in January

Investing.com - The number of unemployed people in Spain rose for the first time in three months in January, renewing 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 increased by a seasonally adjusted 57,200 last month, below expectations for a gain of 71,200. The number of unemployed people declined by 55,800 in December.

EUR/USD was trading at 1.0901 from around 1.0906 ahead of the release of the data, while EUR/GBP was at 0.7573 from 0.7575 earlier.

Meanwhile, European stock markets were lower after the open. Spain’s IBEX 35 shed 0.3%, the EURO STOXX 50 dipped 0.9%, France’s CAC 40 lost 0.55%, Germany’s DAX declined 0.4%, while London’s FTSE 100 slumped 0.4%.

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