International Market Updates

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• Economic data from the United States proved very promising to bulls. GDP expanded 2.8% in Q3, the fastest pace so far this year, unemployment w.....

Executive Summary

• Economic data from the United States proved very promising to bulls. GDP expanded 2.8% in Q3, the fastest pace so far this year, unemployment was flat at 7.2% but never the less expected to improve. • The European Central Bank continued its efforts to tackle the crisis as failing inflation across the Eurozone prompted the ECB to cut its benchmark interest rates to a record low of 0.25% from 0.5%. • Japanese exports witnessed their largest annual rise in 3 years. • Chinese manufacturing gauge rose more than estimated to an 18-month high in October. • Brazil raised its benchmark interest rate for the sixth time in a row, by 0.5% to 10%. • Indias wholesale price inflation accelerated to the highest level in eight months in October.

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International Market Updates

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