The unemployment rate in the euro area in April of 9,9% against 9,9% in March

LONDON, May 31. The number of unemployed in the euro area has not changed in April from the previous month and remained at its lowest level in six years. This is evidenced by data released on Tuesday, the EU statistical agency Eurostat.
According to the data, the unemployment rate in the 17 eurozone countries in April was 9.9% in February and March. He remains the lowest since September 2009. A decline compared to April 2010, when unemployment reached 10.2%.
Despite the constant level of unemployment in the euro area, which corresponded to the forecast of economists surveyed by Dow Jones Newswires last week, there are still differences between stronger and weaker economies in the region.
Although unemployment has declined in the largest leading economies such as Germany, France and Italy, Ireland, Spain and Portugal, the situation has not improved. These countries, which remain among the highest unemployment rates in the region are at the heart of the crisis of sovereign debt. Data on unemployment in April for burdened with debt of Greece are not yet available.
Discrepancy appears to be increasing. According to recent data presented Tuesday in Germany, the unemployment rate in May was at its lowest level since the beginning of such statistics in 1999.
April Eurostat data indicate that the highest unemployment rate, 20.7%, was observed in Spain. The unemployment rate in Portugal was 12.6%. The indicator for Portugal has not changed from the previous month after a review in March upwards to 12,6% from 11,1%.

Unemployment in Italy in April of 8,1% against 8,3% in March - Istat

ROME, May 31. The unemployment rate in Italy in April fell to 8.1% versus 8.3% in March, and 8.6% in April 2010. This is indicated by data published on Tuesday the national statistics agency Istat.
However, the reported number of unemployed in April fell by 2,9% compared with March. The number of employees also decreased by 0.3%, reported Istat. All unemployment figures are inclusive of adjustment for seasonal variations.
They point out that the Italians were knocked out of the labor force, and not return to the search for work.
The employment rate in April fell to 56.9% versus 57.1% in March. Unemployment among people aged 15 to 64 years rose in April to 38,1% against 37,7% in March.
Unemployment among young people aged 15 to 24 years fell in April to 28,5% against 28,6% in March and 28.7 in April 2010, reported Istat.

The unemployment rate in Germany in May, with the correction of 7.0%

Nuremberg, May 31. The unemployment rate in Germany with the correction in May fell to record lows amid falling unemployment below 3 million, however, the number of unemployed has decreased with the correction of lower than expected. This is indicated by data released on Tuesday, the Federal Minister of Labour of Germany.
According to the data, the unemployment rate in Germany in May, with the correction has fallen to 7,0% against 7,1% in April, showed the lowest value since the beginning of keeping statistics in 1999.
The total number of unemployed without correction, which in May dropped by 118,000 to 2.960 million in May was the lowest value since 1992.
Nevertheless, taking into account the correction for seasonal variations, the number of unemployed fell by only 8000. According to some data, the number of unemployed in April fell by 33,000.
Economists surveyed by Dow Jones Newswires, expected to reduce the unemployment rate adjusted to 7,0% and reducing the number of unemployed at 30,000.
"The favorable development in the labor market continued in May, while the demand for labor is high, although it is a little weak," - said Frank-Juergen Weise, head of the Federal Department of Labor.

Consumer spending in France in April of -1.6% mom, 1.2% y / y

PARIS, May 31. Consumer spending in France in April unexpectedly fell. This is due to the fact that the fall in car sales and soft weather conditions have reduced energy consumption. These findings were presented Tuesday by the National Bureau of Statistics, Insee.
Expenditures on goods manufacturing fell in April by 1,6% compared to the previous month and were only 1.2% higher than in April 2010.
Economists surveyed by Dow Jones Newswires, expected fall in consumer spending at 0.4%.
In Insee cautioned that data on consumer spending on manufactured goods in April, can not be compared with the March data because of changes in nomenclature. In accordance with previous nomenclature, data for March showed consumer spending on manufactured goods by 0,4%.
Total expenditure on goods / this figure was released in April for the first time / fell by 1,8% compared with March, following a decrease of 1% in March compared with February, says in the Insee.
Total expenditure on goods in April 2011 were 0.1% lower than in April 2010.

USD/CAD:Dollar / Canada fell victim to the frustrations of bulls.Comments dealers

Trying to take advantage of weaker data on the current account of Canada's GDP and for the first quarter during trading on Monday did not bring significant results, and again met resistance in the C $ 0.9785, the dollar / Canada is once again turned lower. As a result, under the gun again supported in the C $ 0.9750, to assert that the bulls are not particularly sought, taking into account the frustration of the lack of progress in an upward movement in recent days and rising oil prices. Under pressure from the Swiss behalf couple continued to fall, and is now testing bids in the area C $ 0.9710/00. Dealers warn of the next series of stops around C $ 0.9690, a breakthrough which will pave the way towards the C $ 0.9645/40, and possibly even lower, although on the eve of the announcement of the decision of the Bank of Canada on interest rates, market participants are likely to prefer to refrain from aggressive actions. Ofer can be seen in the area C $ 0.9720/30, the larger located in an area C $ 0.9745/55.

The Australian dollar rose, receiving support from the development of the situation in Greece

SYDNEY, May 31. The Australian dollar has ignored published Tuesday weak economic data and increased slightly against the backdrop of positive developments in Greece.
The Australian dollar rose early in the session after reports of the newspaper Wall Street Journal, referring to well-informed sources, Germany's intentions to cease its efforts to support the postponement of the maturity of Greek bonds, to promote a new package of credit assistance to that country.
Export companies and the country's currency received additional support against the backdrop of the fall of the yen after the news agency Moody's Investors Service that it was studying the debt rating of Aa2 to the Government of Japan for possible downgrade.
As at 06.30 GMT on a pair of the Australian dollar / US dollar was trading at 1.0700 against 1.0680 on Monday evening. A pair of Australian dollar / Japanese yen was trading at 87.175 against 86.30.
The Australian currency rose to a session peak of 1.0756 U.S. dollars before fell to the background of technical factors and the output of alarm messages on the current account deficit a day before the report on GDP growth, which riveted attention.
According to data provided Tuesday by the Australian Bureau of Statistics, the export volume in 1 st quarter decreased by 8.7%, which would reduce economic growth of 2,4%. Reduction of the Australian economy in the 1 st quarter will be the worst in 20 years after the series of natural disasters had a negative impact on the export of such important sectors as coal mining.
"The economy is likely to be a significant step back in time the negative consequences caused by natural disasters" that have taken place in Australia earlier this year, "says Besa Santa, senior economist at St. George Bank.
Along with the alarming news in the housing sector, export data bit not coincide in time with the market as to when to expect the next interest rate increase of the Reserve Bank of Australia. Some economists, however, warn that you should not pay too much attention to go during the day data.
"It's all about - the lack of resources in the labor market and capital and the subsequent rise in inflationary pressures in 2012 and later. We continue to believe that in August and November interest rate will be raised by 25 basis points," - said Annette Beacher, the head of research on the Asia-Pacific TD Securities in Singapore.