Quick Overview

• U.S retail sales fell 2.8% in October --the largest monthly drop on record. Excluding autos, sales fell 2.2%.
  

• The University of Michigan's consumer sentiment index rose from 57.6 to 57.9, stronger than expected.
  

• GDP in the Euro area fell 0.2% in the third quarter of 2008, but rose 0.7% YoY
  YoY Consumer prices in the Euro area rose 3.2% in October.
  

• Canada manufacturing sales rose 0.1% in September.
  
• China posted its first decline in monthly electricity output in four years
  

• Russia's central bank increases its key interest rate to 12% from 11% in an attempt to reduce an outflow of capital.
  

• Bernanke said central bankers around the world were ready to do more to ease severe credit market strains and support faltering economic growth.