UNITED STATES
- Nonmanufacturing ISM +2.5 pts to 50.9 (Sep.)
- Initial Claims -33,000 to 521,000 (Oct. 3 wk)-Jan. 2009 low
- Stock market hit one year hight
- 168 companies have reported earnings since the start of September, the earnings beat rate has remained high at 71%
- Apartment Vacancy Rate 7.8% (Q3)—23-year high
- Retail Vacancy Rate 10.3% (Q3)—17-year high
- Office Vacancy Rate 16.5% (Q3)—5-year high
- RBA hikes rates 25 bps to 3.25%… first G-20 member to tightensource:BMO
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