Global markets posted sharp gains in October, clawing back most of September’s hefty losses. The revival was headed by equities, with US stocks leading the charge higher with a strong 7.9% total return via the Russell 3000 Index last month. Despite the broad-based gains at the kick-off to the fourth quarter, losses still dominate the year-to-date comparisons, along with a few instances of mild gains.
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● US consumer spending growth slows to 8-mo low in Sep | USA Today
● US personal income in Sep rises at slowest pace since March | USN&WR
● Consumer sentiment in US ticks higher in Oct | CNBC
● US Employment Cost Index growth accelerates in Q3 | US Labor Dept
● Chicago PMI rises to positive reading in Oct | ISM Chicago
● PMI: A lesser pace of decline for China’s mfg sector in Oct | Markit
● China’s official PMI for mfg shows slight contraction in Oct | MarketWatch