World economy

• India's industrial output grew just 0.4% in October, missing estimates - India's industrial output suffered due to weak manufacturing output and mining activity, low electricity consumption.
• European markets start December in negative territory, as defense sells off - European stocks started the last trading month of the year in negative territory.
• Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.