Investing.com - The number of unemployed people in Spain rose significantly in January, fuelling concerns over the country’s economic outlook, official data showed on Tuesday.
In a report, Spain’s Employment Ministry said the number of unemployed people increased by a seasonally adjusted 113,100 last month, disappointing expectations for a decline of 21,000. The number of unemployed people fell by 107,600 in December.
Following the release of the data, the euro added to losses against the U.S. dollar, with EUR/USD inching down 0.13% to trade at 1.3510, compared to 1.3526 ahead of the data.
Meanwhile, European stock markets were lower after the open. Spain’s IBEX35 shed 0.55%, the EURO STOXX 50 dipped 0.45%, France’s CAC 40 declined 0.3%, Germany’s DAX lost 0.6%, while London’s FTSE 100 edged 0.4% lower
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