Quick Overview

• The National Association of Purchasing Management-Chicago’s manufacturing index dropped from 62.1 to 53.5 in October, more than expected.
  
  

• U.S. Consumer confidence fell from 105.9 to 105.4 in October following an increase in September, the New York-based Conference Board said Tuesday.
  
  

• The U.S. Bureau of Labor Statistics said the employment cost index increased 1.0% in the third quarter and 3.3% from a year ago, the biggest gain in two years.
  

• Brazil announced that they will raise the ethanol content of their gasoline from 20% to 23%, starting on November 20th.
  
  

• Canada’s GDP was up 0.3% in August and up 2.2% YoY.
  
  

• A hard-hitting report on climate change published by the British government on Monday has no basis in science or economics, OPEC's Secretary-General Mohammed Barkindo said.
  
  

• Russia's state foreign debt, including former Soviet-era debt, shrunk to $50.1 billion, or 39.5 billion Euros as of October 1.