Morning News

-Japan's jobless rate rose 5.1% during the month of October, showing an increasing compared with a previous reading with 5.0% in September, while the expectations referred to 5.0

-The South Korean economy released its annualized service industry output index for the year ended October, which release with the actual reading 3.0%, compared with a previous -0.7% a year earlier

-The South Korean economy released its annualized service industry output index for the year ended October, which release with the actual reading 3.0%, compared with a previous -0.7% a year earlier

-The European currency remains slightly weak so far throughout the currencies market trading knowing that it fell to the lowest level in more than two months against the U.S currency and the yen since that the 85 billion-euro aid package for Ireland failed actually to stop and minimize worries and concerns that the present European debt crisis will stop extend within this coming period, which of course will slow down the global revival from the unending recession.

-The U.S president Barack Obama is set today to announce of a two year pay freeze for civilian federal employees. The pay freeze strategy is one of the methods the U.S government is taking in order to cut on expenses and save the economy from the turmoil.

-The European shared currency fell against the dollar as Ireland’s bailout plan failed to ease investor’s fear regarding the debt issues in Europe.

-Retail websites are getting reading for the much-awaited “Cyber Monday” to draw as much buyers as possible with various promotions. Cyber Monday is for online shopping like Black Friday for retail stores...

-The Canadian economy released this morning some gauges regarding its manufacturing sectors' performance during October which came in cheerful and above expected levels.

-The Canadian economy released this morning its Current Account figure regarding 2010's third quarter where it dropped from the prior revised reading of -13.0 Billion CAD to reach -17.5 Billion CAD, which is a deeper deficit than the expected -15.3 Billion CAD.

-The start of the new week with the final approval of 85 billion euro aid package to Ireland seemingly failed to convince markets of the measures worthiness as the euro dwindled further south to a two-month low versus the dollar.

-The European Commission released its quarterly growth forecast today, expecting that the European economy to suffer next year as government’s around the union imposed budget cuts to put a cap on the ballooning deficit they face, which would weaken growth in the region as it would curb exports.

-The web site WikiLeaks released new cables on Sunday that were attacked to become invisible, yet it was posted by some organizations.