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