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German Unemployment Unexpectedly Drops as Optimism Edges Up

Nov.29 -- German unemployment unexpectedly dropped this month as a slump in manufacturing showed signs of stabilizing and the trade tensions that have weighed on exporters eased. In a report that’s likely to damp any expectations of fiscal stimulus, the number of people out of work slid by 16,000, compared with estimates for an increase of 6,000. Valentin Marinov, head of G10 FX research and strategy at Credit Agricole, and Mike Bell, global market strategist at JPMorgan Asset Management, discusses the outlook for Europe's largest economy on “Bloomberg Surveillance.”