- U.S. Treasury Secretary John Snow said that dividend and capital gains tax cuts put in place by U.S. President George W. Bush have created strong economic growth and should be extended.
- St Louis Federal Reserve President William Poole said October inflation data showed the United States was not on an "inflation hair-trigger" and the central bank has room to allow the economy to grow.
- U.S. new housing starts fell 5.6% in October, the Commerce Department said Thursday. Through the first ten months of 2005, housing starts are up 5.3%.
- The number of U.S. workers filing initial unemployment benefits fell 25,000 to 303,000 last week, the lowest level since April, the Labor Department reported Thursday.
- U.S. industrial production rose 0.9% in October as factories rebounded from a decline, the Federal Reserve said Thursday.
- Manufacturing growth in the Philadelphia area fell this month from October but still showed expansion, the Federal Reserve Bank of Philadelphia said Thursday.
- The DoE said that underground supplies of natural gas increased 53 billion cubic feet to 3.282 trillion cubic feet. Supplies are down just 1% YoY.
- Platinum futures reached $1,000 for the first time in over 25 years, and then settled lower, while gold continued its run to an 18 year high.
- The World Gold Council reported that gold demand was up 16% through the first three quarters of 2005.
- The European Commission said that the Euro-zone will grow by 1.3% this year, 1.9% in 2006, and 2.1% in 2007.
- Mexican stocks rose to a record high close on Thursday
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