- Bernanke said the Fed could directly buy securities and backstop markets as interest rates approach zero.
- The Institute of Supply Management's manufacturing index fell from 38.9 to 36.2 in November.
- U.S. construction spending fell 1.2% MoM.
- Manufacturing in the U.K. fell from 40.7 to a record low of 34.4 in November.
- Euro zone manufacturing fell from 41.1 to a record low of 35.6 in November.
- OPEC members met but did not announce any production cuts.
- The International Cocoa Organization estimated that world consumption exceeded production by 77,000 tons in 2007-2008.
- Retailers got off to a better than expected start for the holiday shopping season, with consumers spending an estimated 7.2% more this year than last.
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