Initial Guidance | 26 October 2015

● 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