US DATA: Nov Ind Production +0.4% (as expected) after -0.2%r in Oct and
+0.1%r in Sept. Nov components showed mfg +0.3% with gains in both
durables (broad based rise ex autos) and nondurables; ex auto factory
output +0.7%. Mining -0.1% but Utilities +1.9% after 3 mos of decline;
Fed said “the return of more seasonal temperatures boosted demand for
heating.” IP is +5.4% YOY. Cap-U stands at 75.2%, a rate 5.4 pt below
its avg from 1972-2009.