In the United States, investors will also be focus on trade balance data and pending home sales. In Canada, the unemployment rate is likely to remain unchanged and building permits to decrease. In Euro Area, the ECB is expected to discuss plans for helping falling banks and money markets with government officials. In United Kingdom, the Bank of England may reduce the base rate to 4.75% and consumer confidence and industrial production are likely to decline further. In Japan, the Bank of Japan policy is likely to keep interest rates at the same level. Finally, in Australia we expect the RBA to cut rates by 50 bps.