PKey Newsbr•nbsp;European policymakers must not tear up the rule book when launching emergency economic rescue packages, ECB President Jean-Claude Trichet said. (Reuters) /P PEURUSD Daily: Euro continues to be the big winner against the dollar lately.nbsp; Next key Fib retracement resistance daily comes in near 13600-level.brbr(Chart unavailable.)brnbsp;br•nbsp;Japan reported its sharpest crash in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999. (Reuters)/P br br PUSDCNY (Chinese yuan) Daily: Despite continued bad news on growth flowing from China, the currency has managed to gain against the buck lately, possibly alleviating concerns the Chinese may weaken the currency to help exports.nbsp; But would a weak currency matter when no one out there seems to be buying?brbr(Chart unavailable.)brbrnbsp;br•nbsp;Turkey's economy continued to feel the impact of the global financial crisis as official figures released Monday showed gross domestic product growth slowing and unemployment rising. (AP)/P PUSDTRY (Turkish lira) Weekly: ...

Key News• The Japanese economy entered its first recession in seven years, as growth declined for the second quarter running by a wider margin than expected, raising fears the situation could deteriorate amid the global downturn. (FT)• Mining companies -- which couldn't dig minerals out of the earth fast enough just a few months ago -- now are struggling to climb out of a very deep hole. On Friday, the world's biggest miner, BHP Billiton, said major Chinese customers are trying to delay purchases of iron ore as China's building boom slows sharply. (WSJ)• Australian retail sales rose in the third quarter by less than economists forecast. (Bloomberg)• Key Reports (WSJ):8:30a.m. Nov NY Fed Manufacturing Index: Expected: -27. Previous: -24.6. 9:15a.m. Sep Industrial Production: Expected: +0.4%. Previous: -2.8%. 9:15a.m. Sep Capacity Utilization: Expected: 76.7. Previous: 76.4.

Quotable “It is fascinating to watch politicians come up with

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