Market indexes across the euro zone declined after the latest inflation report showed smaller than expected increase.
The inflation index fell to 0.5% rate in May from 0.7% in April, the Eurostat said in Luxembourg today. The inflation has been below 1% for eight months and the European Central Bank has inflation target just below 2%.
In a separate report the statistics agency said jobless rate declined to 11.7% in April from 11.8% in March.
The elevated unemployment is largely driven by weak economies in Greece, Spain, Italy and France.
The euro gained to $1.36 against the dollar after falling 0.3% in yesterday’s trading.