The US released its Uni. of Michigan Confidence showing a unexpected gloomy decline as it came in at 66.0; worse than the forecasted reading of 71.0 and the prior reading of 70.6. in October and 73.5 in September.

Moreover, the economic conditions came in worse as they plunged to 69.6 this month from 73.7 in October and 73.4 in September and the economic outlook plummeted to 63.7 from 68.6 last month and 73.5 in September.