Quick Overview

• U.S. GDP was up 4.3% in the third quarter, stronger than expected. YoY GDP was up 3.7%.
  

• The U.S. economy bounced back following the two big hurricanes in August and September, but lingering high fuel prices were pushing up shipping rates in some regions of the country, the Federal Reserve said Wednesday.

• The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended November 25 declined 1.8 percent to 624.1.
  

• The Chicago Purchasing Management Association's index dropped from 62.9 to 61.7 in November
  
  

• Overall for-hire trucking freight volumes rose 0.3% in October from a month earlier, the American Trucking Associations said.
  
  

• The U.S. Department of Energy said that:
  Crude oil supplies were down 4.2 million barrels last week to 317.6 million barrels.
  Supplies of unleaded gasoline were down 500,000 barrels
  Supplies of heating oil supplies were up 1.5 million barrels..
  
  

• Retail sales in Australia rebounded from a 0.3% drop in September to gain 0.5% in October.
  
  

• Canada's GDP was up 0.9% in the third quarter and up 2.8% YoY.
  India's GDP was up 8% YoY.
  
  

• Argentina's trade surplus widened more than expected to $916 million in October from $854 million a year ago as export volumes increased, the Economy Ministry said on Wednesday.
  

• YoY housing starts in Japan rose 9.1% in October to 115,769 units. With increases in starts on housing units for rent and for sale, such as condominiums, the Ministry of Land, Infrastructure and Transport said Wednesday.The rise followed a 0.2% fall the previous month.