The US data out this morning has been mixed


US Market Update: Dow -161 S&P -18 NASDAQ -44 Economic Data – (IS) Israel Oct Leading ‘S’ Indicator M/M: 0.1% v 0.3% prior – (BR) Brazil Nov IBGE CPI IPCA-15 M/M: 0.5% v 0.5%e – (US) MBA Mortgage Applications w/e Nov 18th : -1.2% v -10.0% prior – (TU) Turkey Central Bank leaves Benchmark Repo Rate at 5.75% level; as expected – (BR) Brazil Oct Total Outstanding Loans (BRL): 1.946T v 1.931T prior; Private Banks Lending: 1.118T v 1.1108T prior – (BR) Brazil Oct Central Govt Budget (BRL):

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