Number of unemployed in Germany fell by 5,000

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Thursday, Oct 29 2015

German unemployment fell in October in a sign that companies in Europe’s largest economy are weathering a slowdown in emerging markets. Joblessness declined a seasonally adjusted 5,000 to 2.788 million, the Federal Labor Agency in Nuremberg said on Thursday. Economists predicted a drop of 4,000. The unemployment rate remained unchanged at 6.4%, the lowest level since German reunification.

Earlier today, Spanish CPI data was released. According to the flash estimate published by the INE, the annual inflation of the CPI in October 2015 is ‒0.7%. Analysts were anticipating decline by 0.6%. This indicator provides a preview of the CPI that, if confirmed, would imply an increase of two tenths in its annual rate, given that in September this change was ‒0.9%. In this behavior include fuels and lubricants (diesel and petrol), whose prices decrease less than in 2014.

Euro is currently being traded around 1.0950 handle. Pair is likely to find support at 1.09 area and resistance above 1.0980 level. Later today, in the US session, GDP, Unemployment Claims and Pending Home Sales figures are scheduled for a release.

More in this category: « Australian import prices up by 1.4% Net Lending to Individuals increased by £4.9 billion »

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