Investing.com - The number of unemployed people in Spain increased for the third consecutive month in October, raising 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 82,300 last month, compared to expectations for an increase of 70,300. The number of unemployed people rose by 26,100 in September.
EUR/USD was trading at 1.1021 from around 1.1023 ahead of the release of the data, while EUR/GBP was at 0.7137 from 0.7138 earlier.
The Investing.com Euro Index, which tracks the single currency against a basket of six major rivals, was at 88.12, compared to 88.13 ahead of the report.
Meanwhile, European stock markets were mostly lower after the open. Spain’s IBEX 35 shed 0.1%, the EURO STOXX 50 dipped 0.15%, France’s CAC 40 inched down 0.1%, Germany’s DAX declined 0.15%, while London’s FTSE 100 advanced 0.1%.