QUICK OVERVIEW

•  If the DJIA closes above 17355 "and" the DJTA closes above 8720 InvestmentTools.com view of Dow Theory returns to bullish. 

• Germany: retail sales in Europe's biggest economy slumped by 3.2% MoM in September. It was the sharpest drop since May 2007, and led by a fall in sales in textiles and clothes which declined by 7.35. 

•  Italian national statistics institute said that 3.2 million citizens were unemployed in September, the highest level since 2004.The number of the jobless was 48,000 higher in September than in August and 58,000 up on the same month in 2013. Thus the unemployment rate in the country climbed back up to a record level of 12.6%. The jobless rate among people aged between 15 and 24 was 42.9%, 1.9% higher than in September 2013. 

•  Britain's consumer confidence slipped from minus one (-1) in September to -2 in October.

•  (Pritchard) The Bank of Japan is mopping up the country's vast debt and driving down the yen in a radical experiment in modern global finance 

•  Japan's consumer prices for September rose 3.0% 

• YoY Japan's household spending in September dropped 5.6% YoY (Pritchard)

• The world has changed abruptly for investors as the US Federal Reserve and the People's Bank of China both brush aside deflation warnings and press ahead with monetary tightening 

•  (WSJ) China is taking a step toward easing its grip on credit cards, potentially resolving a long-running trade dispute with the U.S. and allowing foreign companies such as Visa, MasterCard and other electronic-payment processors to have a greater presence there. 

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•  The U.S. real gross domestic product (GDP) increased at an annual rate of 3.5% in Q3

•  (Reuters) - The Federal Reserve ended its monthly bond purchase program and signaled confidence the U.S. economic recovery would remain on track despite signs of a slowdown in many parts of the global economy. 

•  U.S Home values are still rising in most markets, but the rate of appreciation has slowed considerably, making the housing market less competitive for buyers, according to Zillow 
• The U.S. housing market rebounded in September as home sales rose to their highest level of the year. After dipping in August, sales of previously owned homes climbed 2.4% in September to a annual rate of 5.17 million. 

•  The Central Bank of Brazil's raised the country's annual basic interest rate from 11% to 11.25%, the highest level since November 2011. 

•  Spain’s unemployment rate fell to 23.7% from 24.5% in Q3, the lowest since the end of 2011 as its economy turned into one of the fastest-growing in the euro region. 

•  Little fish have never had it so good, according to research showing how mankind’s taste for big fish such as tuna and shark is allowing the anchovy and sardine to flourish.