What happened this past week?

A quick summary of the week’s events

Positive(s)

  • US Sept Retail Sales rise more than expected almost across the board
  • UK unemployment falls to 7.9%, lowest since June ’11 with claims down in Sept
  • Automotive sector continues to boom w/ production @ 280k units in September, highest in the history of Thailand.
  • 3G auction finally goes through – Welcome to the world of tomorrow!

Negative(s)

  • China’s Q3 GDP growth of 7.4% is slowest since Q1 ’09
  • Thai interest rates drop to 2.75% from 3%, central bank citing global economic issues as the reason for it
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