Quick Overview

• U.S. industrial production rose 1.3% in October, up from a revised 3.7% decline in September.
  

• The New York Feds regional index of manufacturing fell from -24.6 to -25.4
  

• Japan’s GDP fell 0.1% in the third quarter.
  

• (Reuters) - Japan became the latest major economy to fall into recession on Monday and Citigroup said it would cut 52,000 jobs, one of the largest layoffs in history.
  

• Australia's retail sales fell 0.1% in the third quarter
  

• OPEC's Monthly Oil Report said they expect world oil demand to average 86.2 million barrels per day in 2008 and 86.7 in 2009.
  

• Hong Kong Marine Department said the port handled 2.001 million TEU in October, down 2.9% YoY.
  YoY Singapore's Maritime and Port Authority reported a 4.9% increase in October.