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UK Government Seeks Boost For Growth In Credit Easing Package

fxbom.com
04:34 PM

LONDON -(Dow Jones)- The U.K. government Tuesday will set out a range of schemes designed to revive growth in an already weak economy that now faces a number of headwinds from the euro zone, including the prospect of falling demand for its exports and reduced access to affordable funding for its banks.

However, the government’s room for maneuver remains tightly constrained, with bond investors likely to be spooked by any suggestion that it is easing back on an austerity program designed to halt the rise in its debt by the middle of this decade.

French Labor Minister: October Unemployment Figure Will Be Higher Than Month Before

fxbom.com
04:32 PM

France will unveil higher unemployment figures tomorrow, French Labor Minister Xavier Bertrand said Sunday.

Bertrand said on French radio RTL that the October figures “won’t be good” and added that they will be higher than the month before.

He declined to give specific details on the October unemployment rate.

-By Max Colchester, Dow Jones Newswires;             +33 1 401 71929      ; maxcolchester@dowjones.com