- The European Union's latest offer to cut farm import tariffs has failed to break a deadlock among members of the World Trade Organization, who are seeking to hammer out a global trade treaty by December, a senior trade official said Monday.
- U.S. personal income was up 1.7% in September after a 0.9% drop in August.
- US Consumer spending was up 0.5%.
- The National Association of Purchasing Management's Chicago index of business activity increased from 60.5 to 62.9 in October, stronger than expected.
- Canada's GDP was up 0.5% in August and up 2.7% YoY, stronger than expected.
- Japans unemployment rate was down 0.1% in September to 4.2%, the lowest level in seven years.
- YoY Japans consumer price index was down 0 .3% in September.
- Japan is expected to ease the ban on U.S. beef imports as early as the end of 2005, according to a media report Sunday. "Based on the assumption that all precautions are taken as requested, we consider the difference in risk between U.S. and Japanese beef to be small," said panel chairman Yasuhiro Yoshikawa.
- Barrick Gold Corp. (ABX) bid $9.2 billion for rival Placer Dome Inc. (PDG), a deal that would create one of the world's biggest gold miners with annual output of 8.3 or 8.4 million ounces.
- The Panama Canal Authority’s largest customers are forecasting a 12% increase in traffic moving between Asia and the US east coast in 2006 as trade between the US and China shows no sign of slowing.
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