Investing.com – Germany's unemployment rate held steady at a record low, bolstering optimism over the health of the euro zone's largest economy, official data showed on Thursday.
In a report, Germany's Federal Statistics Office said its jobless rate remained as expected at a seasonally adjusted 5.6% in October.
Additionally, the number of unemployed people fell by a seasonally adjusted 11,000 from a month earlier, compared to forecasts for a drop of just 10,000. Jobless claims fell by 22,000 in September which was revised from an initial decline of 23,000.
Immediately following the report, EUR/USD was trading at 1.1634 compared to 1.1632 ahead of the release, while EUR/GBP was at 0.8776, compared to 0.8773 earlier.
Meanwhile, European stock markets traded mixed in early morning trade. Germany's DAX fell 0.13%, the benchmark Euro Stoxx 50 lost 0.18%, France’s CAC 40 edged forward 0.02%, while London’s FTSE 100 slipped 0.12%.