Quick Overview

• Australia’s leading indicators rose 1.1% in August.

• YoY Chinas GDP rose 8.9% in Q3
  

• The pound rallies after the Bank of England says its policymakers voted 9-0 not to pump more money into the UK economy.
  

• Wells Fargo earned $2.6 billion in Q3 – a record
  

• Morgan Stanley earned $498 million in Q3
  

• The U.S. DOE said:
  Supplies of crude oil rose 1.3 million barrels last week at 339.1 million barrels.
  Supplies of gasoline fell 2.3 million barrels
  Supplies of heating oil rose 300,000 barrels.
  Refinery use rose from 80.9% to 81.1% of capacity.
  Gasoline demand rose 4.2% YoY
  Distillate demand fell 12.1% YoY.
  

• Demand for coal to generate electricity and make steel in China and India is expected to grow by 7% to 8% annually in the next five years, leaving the world "chronically" short of the fuel, the head of U.S. coal miner Peabody Energy Inc (BTU.N) said.

• Argentine farmers will plant a record 19 million hectares with soybeans this season, up from the previous high mark by 7%, the Buenos Aires Cereals Exchangesaid.
• They forecasts 2009-10 wheat production at 7.5 million metric tons. Down sharply from the five year average of 14.8 million tons

• YoY China's refined sugar production in September fell 57% to 14,000 metric tons, the National Bureau of Statistics said Thursday. From January to September, sugar output fell 13% YoY.

• (Spiegel) The European Union is funding ambitious programs aimed at monitoring human behavior in an effort to identify deviance and pick out potential terrorists. The implications for privacy are myriad.
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