Quick Overview

• US Consumer Price Index for October was up 0.2% vs. 0.0% expected and ex food and energy it was, as up an expected at 0.2% . YoY it was up 4.3%. Excluding food and energy prices were up 2.1% YoY.
  
  

• EuroZone CPI for October at 0.3% as expected.
  
  

• The Chinese government reportedly sold 20,000 tons of copper from its state reserves today after one of its traders disappeared while carrying a large copper short position.
  

• U.S. business sales were up 0.6% in September and up 7.8% YoY. Inventories were up 0.5% in September.
  

• The U.S. Treasury Department said foreign buys of US securities exceeded domestic purchase by 102 billion vs. 75 billion expected.
  

• The DoE said that:
  Supplies of crude oil were down 2.2 million barrels last week to 321.4 million barrels.
  Supplies of unleaded gasoline were down 900,000 barrels
  Supplies of heating oil were up 1.8 million barrels.
  

• Gold futures climbed over $10 an ounce to close at a one-month high, while silver prices finished above $8 an ounce for the first time since December 2004 and platinum futures set records.

• The U.K.'s unemployment rate for Q3 was 4.7%.