Wells Fargo Weekly Economic & Financial Commentary 11/10/11

Economic Data Continue to Point to Moderate Growth

·  The trade balance narrowed again in the month of September to -$43.1 billion from -$44.9 billion in August. Exports helped to narrow the deficit, increasing 1.4 percent for the month.

·  Small business optimism remained very depressed in October as NFIB survey respondents continued to be disappointed with the pace of sales growth.

·  Initial jobless claims continued to trend down last week, falling by 10,000 to 390,000, indicating a slow, gradual pace of improvement on the employment front.

Read the WeeklyEconomicFinancialCommentary_11102011