Global Economic Recovery Watch

1. "The Conference Board's Leading Economic Index (LEI) for Europe remains on an upward trend, and increased 0.3 percent in September, following a 0.7 percent increase in August, and a 0.9 percent increase in July. After increasing in September, the LEI for the Euro Area is 18.4 percent above its March 2009 trough."

2. From the WSJ: "Britain's economy grew more briskly than expected during the third quarter (3.2% at an annual rate), damping fears that the U.K. could tip back into recession and, for now, buttressing the government's move to attack the country's huge deficit with public-spending cuts."