Quick Overview

• U.S. consumer price index fell 1.0% in October but rose 3.7% YoY
  

• U.S. housing starts were at an annual rate of 791,000 in October, down 4.5% MoM, and down 31% YoY.
  

• Canada’s index of leading indicators fell 0.4% in October
  

• Construction output in the Euro area fell 1.3% in September.
  

• The U.S. Department of Energy said:
  Supplies of crude oil rose 1.6 million barrels last week to 313.5 million barrels.
  Supplies of gasoline rose 500,000 barrels
  Supplies of heating oil supplies were up 400,000 barrels
  Refinery use rose from 84.6% to 84.9%
  Gasoline demand fell 2.2% YoY.
  Distillate demand fell 3.3% YoY.
  

• The USDA said that world ending stocks of sugar will be 24% in 2008-2009