Economic data (US): Nonfarm Productivity QoQ (Q3 F) out at 8.1% vs. 8.5% expected and 9.5% prior. Unit Labor Costs QoQ (Q3 F) out at -2.5% vs. -4.1% expected and -5.2% prior. Initial Jobless Claims out at 457K vs. 480K expected and 462K last week. Continuing Jobless claims out at 5,465K vs. 5,400K expected and 5,437K last week.
Massimo Salezze - 13:53:58
ECB Trichet warns of the likelihood of dampened loans to firms in the coming months. Calls for banks to improve their capital bases. ECB Trichet reemphasises how important it is to conduct ambitious fiscal exit strategies. Governments must set out their plans. Some countries will need to begin their measures next year. Others in 2011 at the latest.
