Quick Overview

• The Institute of Supply Managements' index of services fell from 55.8 to 54.1 -- still recording growth.

• U.S. Productivity rose 6.3% -- the most since 2003
  

• US consumer confidence declined to 24 from 21 last week.
  

• U.S. factory orders rose 0.5% in October.
  

• U.S. non-farm productivity rose 2.7% -- better than estimated.
  

• U.S. Unit labor costs rose 3.0%.
  

• Australia left rates unchanged at 6.75% as expected
  

• Australia’s Nov. Services Index rose to 56.4 from 53.2.
  

• UK‘s Consumer confidence dropped to 86 vs. 94 expected
  

• QoQ Australia GDP rose 1.0%, YoY GDP rose 4.3% vs. 4.8% expected.
  

• The U.S. Department of Energy said that:
  Supplies of crude oil fell 8.0 million barrels to 305.2 million barrels
  Supplies of gasoline rose 4.0 million barrels.
  Supplies of heating oil supplies fell 1.1 million barrels.
  Refinery use unchanged at 89.4% of capacity.
  Gasoline demand rose 0.2%
  Distillate demand rose 5.9%.