Monday was singles day for Alibaba and once again it’s Gross Merchandise Value, (GMV) broke new records, hitting just over Rmb 268bn , or $38.3bn.

The end of October is effectively year end for many funds and a lot of book squaring is taking place.

Markets are often emotional things, never more so than last Saturday, when England produced a fantastic performance to beat the favourites New Zealand in the semi finals of the Rugby World Cup in Japan.

The $ has lost momentum, as have the major $ bond indices, all of which have had a tremendous run year to date,

Sterling is rallying for market reasons more than politics, but the DXY is rolling over suggesting a possible rotation back to non US Equities is coming.