Spanish unemployment rises but at low pace for January.

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. Although many European stock indices were down at the time of writing, Spain's IBEX 35 was +0.1%.