FX.co ★ European Economic News Preview: German Unemployment Data Due

The European economic calendar for Friday features some key releases from Germany, Spain, and the UK, despite being a relatively light day for news. At 2:00 AM ET, the Federal Statistical Office of Germany, Destatis, is scheduled to release the labor force survey results for October.

Then, at 3:00 AM ET, Spain's labor agency will reveal the monthly unemployment figures for December. Analysts anticipate a notable drop in the number of individuals claiming jobless benefits, projecting a decrease of 46,500, compared to a reduction of 16,000 in the previous month, November.

At 3:55 AM ET, the Federal Labor Agency in Germany is set to publish its unemployment data, where expectations are for a slight increase in the jobless rate, rising to 6.2% in December from November’s 6.1%.

Finally, at 4:30 AM ET, the Bank of England will provide data on UK mortgage approvals for November. The forecast suggests an upturn, with approvals expected to reach 69,000, compared to 68,300 in October.