Investing.com - The number of unemployed people in Spain rose for the second straight month in February, underlining 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 2,200 last month, above expectations for a gain of 200. The number of unemployed people rose by 57,200 in January.
EUR/USD was trading at 1.0862 from around 1.0860 ahead of the release of the data, while EUR/GBP was at 0.7772 from 0.7769 earlier.
Meanwhile, European stock markets were higher after the open. Spain’s IBEX 35 tacked on 0.65%, the EURO STOXX 50 rose 0.7%, France’s CAC 40 added 0.5%, Germany’s DAX inched up 0.65%, while London’s FTSE 100 advanced 0.5%.