Investing.com - The number of unemployed people in Germany fell more than expected in October, easing concerns over the health of the euro zone's largest economy, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said the number of unemployed people decreased by a seasonally adjusted 5,000 this month, better than expectations for a drop of 4,000.
Jobless claims rose by 1,000 in September, whose figure was revised down from a previously reported increase of 2,000.
The report showed that Germany’s unemployment rate held steady at 6.4% in October, in line with expectations and unchanged from a month earlier.
EUR/USD was trading at 1.0943 from around 1.0939 ahead of the release of the data, while EUR/GBP was at 0.7167 from 0.7166 earlier.
The euro index, which tracks the single currency against a basket of six major rivals, was at 87.68, compared to 87.66 ahead of the report.
Meanwhile, European stock markets were mildly lower. Germany's DAX shed 0.1%, the EURO STOXX 50 dipped 0.15%, France’s CAC 40 slumped 0.3%, while London’s FTSE 100 declined 0.85%.