- The National Association of Realtors said pending home sales fell 3.2% in July and down 6.8% YoY.
- Lehman shares fell 45% after a Korean official said talks about an investment by Korea Development Bank have ended. This also ended the jubilation that greeted the US government's bail-out of Fannie and Freddie as worries about the financial sector and the health of the broader global economy returned.
- Canada’s housing starts rose 15% from July's pace.
- U.K.'s manufacturing production fell 0.2% in July.
- Business confidence in Australia rose from -9 to -7 in August.
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