Advertisement
Advertisement
Markets Turn a Blind Eye to Spanish Unemployment as Inflation Remains Key Focus
By:
Economic data from Spain was brush aside this morning. Later today, U.S factory orders will draw attention, however...
It’s been a quiet start to the week on the Eurozone economic calendar.
Spanish unemployment figures were in focus this morning.
In September, unemployment fell by 76.1k after having fallen by 82.6k in August.
The numbers come ahead of service sector PMI numbers for September that are due out tomorrow.
Market Impact
Ahead of today’s figures, the EUR had fallen to a pre-stat and current day low $1.15878 before finding support.
In response to today’s stats, the EUR fell to a post-stat low $1.15997 before rising to a post-stat and current day high $1.16161.
At the time of writing, the EUR was up by 0.04% to $1.16119.
Next Up
Factory orders from the U.S. With little else for the markets to focus on, news updates from OPEC’s monthly meeting will also draw interest…
About the Author
Bob Masonauthor
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.
Advertisement