US stocks reclaimed the top spot in last week’s performance race for the major assets classes, based on a set of proxy ETFs. The Vanguard Total Stock Market ETF (VTI) gained 1.7% for the five trading days through Oct. 23, the fourth straight weekly rise—the longest winning streak in a year. Otherwise, the week just passed was mixed for the major asset classes, with broadly defined commodities—iPath Bloomberg Commodity (DJP)—leading the losers with a 2.7% loss—the biggest weekly slide since August.
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● US Manufacturing PMI rises to 5-month high in Oct | MarketWatch
● Ifo business climate data for Germany edges up in Oct | Ifo
● China cuts policy rate–a warning sign for global economy? | The Guardian
● Japan still struggling after years of monetary stimulus | NY Times
● Russia’s operations near US undersea cables looks suspicious | Reuters
● ECB’s Draghi looking for clues this week about stimulus plan | Bloomberg