The updated Google activity data, through to 31st October, remains encouraging. Bar Russia the picture improved across our pool versus the prior week with Mexico, Germany and India leading the pack. In terms of the breakdowns we saw a solid increase in economic activity, while mobility dipped or was flat. This was particularly visible in Europe and is partly seasonal with mid-term school breaks leading to a dip in mobility in some places. EM trends seem to be generally better than DMs, bar Russia. That is partially due to the persistent stagnation in the US indices, which damper the overall DM storm, Europe and DM Asia all looking solid.