Spanish unemployment rises 2.4%

• The number of unemployed people in Spain unexpectedly rose by 113,100 in January to 4.81M after a fall of 107,600 in December. Consensus was for a drop of 21,300.
• However, the seasonally adjusted unemployment fell by 3,907 people, while the non-SA figure was the smallest in January since 2007.
• The IBEX 35 (NYSEARCA:EWP) is -0.6%. (PR)