Investing.com - The number of unemployed people in Spain increased for the first time in seven months in August, raising concerns over the health of the euro zone’s fourth largest economy, official data showed on Wednesday.
In a report, Spain’s Employment Ministry said the number of unemployed people rose by a seasonally adjusted 21,700 last month, compared to expectations for an increase of 35,500. The number of unemployed people fell by 74,000 in July.
EUR/USD was trading at 1.1282 from around 1.1280 ahead of the release of the data, while EUR/GBP was at 0.7381 from 0.7379 earlier.
Meanwhile, European stock markets were modestly higher after the open. Spain’s IBEX 35 tacked on 0.1%, the EURO STOXX 50 rose 0.25%, France’s CAC 40 inched up 0.3%, Germany’s DAX added 0.35%, while London’s FTSE 100 advanced 0.45%.