- U.S. jobless claims rose 54,000 to 524,000.
- U.S. producer price index fell 1.9% MoM and 0.9% YoY
- The New York Fed’s index of manufacturing improved from -27.88 to -22.20.
- The Philadelphia Fed index of manufacturing improved from -36.1 to -24.3
- YoY RealtyTrac said U.S. foreclosures rose 81.
- The European Central Bank cut its interest rate from 2.50% to 2.00%
- Democrats in the U.S. House will push for a $825 billion economic stimulus
- News that Bank of America needs another government cash infusion sent stocks sliding.
- Consumer prices rose 1.6% in the Euro area
- Australia's unemployment rate rose from 4.4% to 4.5% MoM
- YoY South Africa’s gold production fell 8.7% in November
- According to unidentified industry sources in Singapore, an increasing number of containers were being shipped from Asia to Europe at a freight rate of zero dollars and shipping lines were only charging the bunker fuel cost.
- The UN's Gaza City HQ is shelled by Israel.
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