THE WASHINGTON POST – Eurostat, the EU’s statistics office, said Friday that unemployment across the 17 European Union countries that use the euro rose to 12.2 percent in April. That’s the highest level since the shared currency was introduced in 1999 and up from the previous record of 12.1 percent the month before.
“On the whole this portrays a region which continues to worsen and is unlikely to improve anytime soon,” said Craig Erlam, market analyst at Alpari.
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Following the figures, Germany’s DAX was down 0.6 percent at 8,347 while France’s CAC-40 declined the same rate to 3,953.12. Britain’s FTSE 100 fell 0.9 percent to 6,600.
Wall Street also appeared headed for losses. Dow futures pointed down by 0.6 percent to 15,225. The S&P 500 futures dropped 0.7 percent to 1,642.30.
Read more at The Washington Post.
