Markets Turn a Blind Eye to Spanish Unemployment as Inflation Remains Key Focus

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…