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Spanish Unemployment Falls, German Car Sales Rise

Jonathan Marino
Jonathan Braude
1/03/14 7:32 AM EST
European markets are higher mid-morning after adding to Thursday's losses early in the morning. Spanish unemployment fell sharply in December, with some improvement in the youth employment market. But, as a whole, there was still 26% unemployment in Spain in the third quarter. Investor George Soros also followed Microsoft's Bill Gates into Spanish construction group FCC, a bellwether for the Spanish economy. Soros reportedly bought a 3.1% stake in FCC and that sent the stock up more than 3% on Friday. The Deal's Jonathan Braude reports from London.

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