Quick Overview

• U.S. retail sales fell 1.8% in November
  

• U.S. producer price index fell 2.2% in November and up 0.4% YoY
  

• The University of Michigan's index of consumer sentiment rose from 55.3 to 59.1
  

• Industrial output in the Euro area fell 1.2% in October and 5.3% YoY
  

• The EU will spend 200 billion Euros, 1.5% of GDP, to help the economy.
  

• Japan will spend 23 trillion yen ($255 billion) to help the economy.
  

• Bush dropped his opposition to using the $700 billion bank bailout to provide help for U.S. automakers.