After a difficult stretch in 2015 so far, global equities had a blowout month in October, with several stock indices making gains between 5 and 10%. A chart sent round by analysts at Deutsche Bank this morning shows just how strong equities were.
In local currency terms, the DAX and Shanghai Composite rose by more than 10%, with Japanese, Spanish and US stocks not far behind.
Here's how it looks:
Deutsche Bank
In fact, the MSCI global index registered its strongest increase since 2011, up 8%, the largest single increase since the same month four years ago. For Europe, it's been even longer since a similar outperformance - stocks rose at the fastest rate in six years.