Quick Overview

• Yield curve analysis shows the likelihood of a U.S. recession is greater than it was a year ago but remains low, a senior vice president of the Federal Reserve Bank of New York said on Friday.
  

• Technology shares rose on Friday, helped by better-than-expected earnings from Google Inc., while the blue-chip Dow fell, after Caterpillar Inc. cut its profit outlook.
  

• The USDA said that on September 30, there were 1.24 billion pounds of frozen orange juice in U.S. cold storage, down 24% from a year ago.
  

• The USDA said that on September 30th, there were 13.99 million pounds of frozen bellies in storage, up 23% YoY. Frozen pork totaled 427 million pounds, up 3% YoY.
  

• The Chocolate Manufacturers Association said that U.S. cocoa grindings totaled 104,470 tons in the third quarter, up slightly YoY.
  

• Mexican retail sales rose 5.6 percent in August, the government said on Friday, as consumers breathed some life into an otherwise tepid economy.
  

• GDP in the U.K. was up 0 .4% in the third quarter and up 1.6% YoY.
  

• Canada's retail sales were down 0.3% in August. YoY retail sales were up 7.3%.
  

• Japan's service industries picked up 1.7% in August, more than expected. Suggesting that consumer spending remained a strong driver of economic growth thanks to higher incomes and better employment conditions.
  

• Assets of the nation's retail money market mutual funds rose by $6.61 billion in the latest week to $828.28 billion, the Investment Company Institute said.