Quick Overview

• Australia reduced its interest rate from 5.25% to 4.25%,
  

• Producer prices in the Euro area fell 0.8% in October, but rose 6.3% YoY.

• Thailand reduced its interest rate by 1% to 2.75%
  

• November U.S. vehicle sales for:
  Ford fell 31% YoY
  GM fell 41% YoY
  Chrysler fell 47% YoY
  Toyota were down 34% YoY
  Honda were down 32% YoY.

• (Bloomberg) -- Stocks in the U.S. and Europe will withstand a “full-blown” global recession to surge in 2009, UBS AG said.