Euro zone May unemployment worse than expected

Euro zone May unemployment has come in at 9.5%, worse than median forecast of 9.4%, and a 10 year high.

Aprils data was revised upwards, to 9.3% from original 9.2%.

Euro zone PPI data has come in at -0.2% m/m, -5.8% y/y, weaker than median forecasts of +0.1% and -5.6% respectively. Weaker than expected price pressures, who would have thunk it.

EUR/USD sits at session low 1.4081 at writing.