- The U.S. Commerce Department said that its first estimate of real GDP was up an annual rate of 1.6% in the third quarter, the weakest performance in three years. Housing was cited as the main drag.
- The University of Michigan's index of consumer sentiment increased from 85.4 to 93.6 in October, more than expected.
- The Australian Bureau of Agricultural and Resource Economics estimated their wheat crop at 9.5 million tons, down from 25 million tons a year ago.
- (Bloomberg) -- Hedge-fund managers and other large speculators placed a record amount of bets the yen will decline against the dollar, according to weekly data from the U.S. Commodity Futures Trading Commission.
- Prime Minister Manmohan Singh Thursday said the Indian economy was moving at a rapid pace and hoped the rate of growth would reach 10 percent soon. 'At one time, eight to nine percent growth was unthinkable.
- FT-- The Bank of Japan and the European Central Bank are expected to keep their key policy interest rates unchanged at 0.25 per cent (on Tuesday) and 3.25 per cent (on Thursday) respectively but further monetary tightening can be expected from both before the end of the year.
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