Quick Overview

• India boosted interest rates by a quarter-point to 6.25.

• Australia’s central bank surprises the market with a 0.25 interest rate increase.

• The Institute for Supply Management’s factory index increased to 56.9 from 54.4

• Total volume of China's foreign trade is expected to hit 2.8 trillion U.S. dollars for the whole year of 2010, up 25 % YoY, the Ministry of Commerce said.

• China’s purchasing managers’ index rose to 54.7 from 53.8 in September, beating expectations.

• Moody’s' said Greece, Portugal and Ireland are likely to avoid sovereign bond defaults due to strong domestic demand from local banks and pension funds

• The Economic Times reported that India may resume sugar exports next month and the government is expected to accelerate applications from mills for shipment of about 500,000 metric tons