October Wrap | ANZ - Our Banking Pick Global markets ended the month on a positive note overnight. US stocks rose for a second day as investors snapped up beaten-down technology favourites and strong results from the likes of Facebook & General Motors lifted spirits at the end of a torrid month for global equities. October was the worst month for stocks in years, as investors dumped growth stocks in a broad move lower. Once again, there does not seem to be a single catalyst for the sell-off, but a number of concerns worrying investors. Rising interest rates, and impacts of trade tensions and Chinese growth are the two big risks for markets, in our view. We believe it is important for medium-term investors to remain calm in volatile periods.  Looking ahead, there are split views from commentators, as to whether the way is now potentially clear for an end-of-year rally or whether we at the start of a bear market. We think the US mid-term congressional elections will be an important event to watch.   Stock i...