U.S. factory orders rose 1.1% in November, more than double economists' estimates of 0.5% for the month. "Production is catching up to sales as firms don't feel the need to cut inventories further," said Dean Maki, chief U.S. economist at Barclays Capital. Meanwhile, demand for durable goods also increased by 0.2% for November, and orders for nondurable goods jumped by 1.8%.