Quick Overview

• The U.K.'s unemployment rate rose to 5.8%, up from 5.7% MoM.
  
  
• Industrial production in the Euro area fell 1.6% in September.
  
  

• (Reuters) - Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.
  

• (Bloomberg) -- U.S. Treasury Secretary Henry Paulson plans to use the second half of the $700 billion financial rescue program to help relieve pressures on consumer credit, scrapping an effort to buy devalued mortgage assets.