Quick Overview

• The Institute of Supply Management's index of U.S. manufacturing dropped from 52.9 to 51.2 in October, weaker than expected.
  

• YoY U.S. Construction spending was up 2.9%
  

• Canada's Finance Minister said that he wants to begin taxing income-trust funds next year.
  

• Manufacturing in the U.K. dropped from 54.5 to 53.7 in October.
  

• The U.S. Department of Energy said that::
  Supplies of crude oil were up 2.0 million barrels last week to 334.3 million barrels.
  Supplies of unleaded gasoline were down 2.8 million barrels
  Supplies of heating oil supplies were down 1.5 million barrels
  

• U.S. Ethanol production totaled 329,000 barrels a day in August, up 69,000 barrels YoY. Demand was 385,000 barrels a day.