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Spain: Unemployment at new record high in January

Spanish jobless figure hit a new record high in January, with 132.055 new unemployed which gives a total number of 4.980.778.

The services sector accounts for 82% of the new unemployed, 8.15% for the agricultural sector, 1.43% for the industrial sector and 0.46% for construction. Also, the number of Social Security holders dropped by 263.243.

Following the release of the unemployment numbers the Spanish risk premium was at 359 points, the 10-year benchmark bond yield at 5.3% and IBEX fell by 0.19%.

Forex Flash: Sell EUR/GBP – Nomura

Nomura Strategist Geoffrey Kendrick believes that EUR/GBP looks like an attractive short trade ahead.
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Forex: EUR/USD in new low after EMU PPI

The EUR/USD has just printed a new low on the release of the EMU Producer Price Index data. In December, EMU PPI dropped -0.2% as expected, the same pace as in November. Although market consensus was pointing to an annualized rise from 2.1% to 2.2%, data stayed unchanged.
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