- Growth and recovery are expected in 2010 in most world regions, but the upturn will be modest, the OECD says.
- U.S. jobless claims were unchanged last week at 505,000.
- U.S. delinquency rate on mortgage loans rose from 9.24% to a record high 9.64% Q3. The foreclosure rate rose from 4.30% to 4.47% in Q3. That makes one in seven homeowners either late on their payments or already in foreclosure.
- The Conference Board's index of leading indicators rose 0.3% in October.
- The Philadelphia Federal Reserve's regional index of manufacturing rose from 11.5 to 16.7 in November,
- Canada’s wholesale sales rose 0.2% MoM, but fell10.4% YoY
- Canada’s leading indicators rose 0.7% in October
- U.K. retail sales rose 3.0% YoY.
- The World Gold Council said gold demand totaled 800.3 tons in Q3, up 15% QoQ , but fell 34% YoY. YoY Mine production rose 6%.
- The U.S. dollar will remain the world's primary reserve currency for many years or decades, an International Monetary Fund official said on Thursday.
- The early start to the rainy season this year in Brazil has heightened concerns that Asian soybean rust could vex farmers more than usual. The first incident of the disease for the 2009-10 crop year was discovered Wednesday in Mato Grosso, Brazil's No. 1 soybean producing state.
- Dylan Grice at Societe General says the price at which the dollar would be fully backed by gold (as it was at the peak in the 1970s) is $6300
- The return of the resources boom was again confirmed by the news yesterday that the value of mining and energy projects under development in Australia had jumped 40% from April to October this year.
- (Spiegel)Global warming appears to have stalled. Climatologists are puzzled as to why average global temperatures have stopped rising over the last 10 years. Some attribute the trend to a lack of sunspots, while others explain it through ocean currents.
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