Investing.com - The number of unemployed people in Spain fell more than expected in May, easing 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 declined by a seasonally adjusted 118,000 last month, compared to expectations for a drop of 115,500. The number of unemployed people fell by 118,900 in April.
EUR/USD was trading at 1.0951 from around 1.0957 ahead of the release of the data, while EUR/GBP was at 0.7195 from 0.7198 earlier.
Meanwhile, European stock markets were modestly higher after the open. Spain’s IBEX 35 tacked on 0.55%, the EURO STOXX 50 rose 0.2%, France’s CAC 40 inched up 0.15%, Germany’s DAX added 0.1%, while London’s FTSE 100 increased 0.1%.
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Spanish jobless claims fall by 118,000 in May
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