PKey Newsbr•nbsp;Britain's services sector contracted at its fastest rate in at least 12 years, a closely-watched survey showed Wednesday, ratcheting up expectations that the Bank of England will cut interest rates by a full percentage point on Thursday. (AP)br•nbsp;The Australian economy grew at its slowest pace in eight years last quarter. (IHT)brKey Reports Due (WSJ):br7:00a.m. MBA Mortgage Application Survey for Nov 28: Previous: -2.1%. br8:30a.m. 3Q Productivityamp;Labor Costs, revised: Expected: +3.1%. Previous: +4.3%. br10:00a.m. Nov ISM Non-Mfg Index: Previous: 44.4. br10:35p.m. API Oil Industry Report for Nov 28 br10:35p.m. US Energy Dept Oil Inventories for Nov 28 br2:00p.m. Federal Reserve Beige Book /P PTomorrow (Time GMT):/P P12/4/2008nbsp;12:00 nbsp;UK nbsp;BOE ANNOUNCES RATESnbsp;2.50% nbsp;3.00% br12/4/2008nbsp;12:45 nbsp;EU nbsp;ECB Announces Interest Ratesnbsp;3.00% nbsp;3.25% /P PQuotable brThe world has run out of willing and creditworthy private borrowers. The spectacular collapse of the western financial system is a symptom of this big fact. In the short run, governments will ...