Weekly Analysis: A Quiet Week, MSCI China -4.3% · October 19–23, 2026

Published Oct 24, 2026 · Closing prices through Oct 23, 2026 · Data and methodology: Alysly · Responsible for content: Alexander Bock

Weekly Analysis: A Quiet Week, MSCI China -4.3% · October 19–23, 2026

The trading week of October 19–23, 2026, in review: 26 of 93 tracked assets (28%) finished the week higher, with the major equity indices moving -1.1% on average over the week. The S&P 500 lost 0.4%, its second losing week in a row.

What Stands Out

Measured against our own history, nothing stood out this week. No benchmark index moved as much as it had in the past six months, and the count of new 52-week highs and lows stayed within the range of recent weeks.

Data note 1

Weekly Barometer

Commodities had the highest average (+2.0%), precious metals the lowest (-5.1%). 2 of 18 equity indices rose, as did 18 of 60 crypto assets.

28%higher
  • 26 up
  • 66 down
  • 1 unchanged
Average weekly change per asset class
Average weekly change per asset class
Asset classBarWeek
Equity indices2 of 18 up-1.1%
Crypto18 of 60 up-0.3%
Precious metals0 of 4 up-5.1%
Commodities3 of 5 up+2.0%

Where the Major Markets Stand

The Russell 2000 had the largest weekly gain at +2.0%, the MSCI China the largest loss at -4.3%. The S&P 500 came in at -0.4%, the Euro STOXX 50 at -2.0% and the MSCI Emerging Markets at -1.3%.

In 94 of the 118 weeks before, the S&P 500 moved at least as much as it did this week (-0.4%), in either direction. That describes our series since Jul 12, 2024, and is not a probability for coming weeks.

Highest and lowest weekly change among 18 indices
Highest and lowest weekly change among 18 indices
IndexBarWeek
Russell 2000+2.0%
Dow Jones+0.4%
S&P 500 Information Technology-0.1%
S&P 500-0.4%
MSCI World-0.6%
DAX-1.7%
MSCI EMU-1.8%
Euro STOXX 50-2.0%
Nikkei 225-4.0%
MSCI China-4.3%
Major markets: week, year to date and distance from the 52-week high
MarketWeek2026From 52-Week High
MSCI World-0.6%+10.4%-3.0% (high of Aug 13, 2026)
S&P 500-0.4%+11.4%-2.5% (high of Oct 6, 2026)
DAX-1.7%-4.5%-8.7% (high of Aug 28, 2026)
Gold-4.1%-7.7%-25.2% (high of Jan 29, 2026)
Bitcoin-1.1%-7.4%-29.1% (high of Oct 26, 2025)

All of the week's figures are in the overviews for indices, stocks, crypto, commodities, precious metals and FX.

What Large Market Participants Reported

At 3 companies, at least three different executives, directors or major shareholders reported an open-market purchase in the 30 days to Friday. The trades reported over the past 30 days are listed in the markets overview. Such a cluster says nothing about where the price goes next.

Real Assets Next to the Markets

8 auction sales were recorded this week. The top lot was the Porsche 911 Turbo (930) at $221,000. The individual sales and their price range are on the real asset pages.

Over twelve months, the range runs from +243.1% (Trading card price index) to -26.2% (Bitcoin); the reference dates are shown at each bar.

Change from the level one year earlier
Change from the level one year earlier
SeriesBar12 months
Trading card price indexas of Sep 28, 2026+243.1%
S&P 500as of Oct 23, 2026+13.1%
MSCI Worldas of Oct 23, 2026+12.0%
Euro area home pricesas of Jun 30, 2026+3.8%
US home pricesas of Jul 1, 2026+2.3%
German home pricesas of Jun 30, 2026+0.6%
Goldas of Oct 23, 2026-3.3%
Bitcoinas of Oct 23, 2026-26.2%

Data note 2

Official Dates in the Following Week

  • : Federal Reserve rate decision
  • : ECB rate decision
  • : US initial jobless claims

Officially confirmed dates only; the economic calendar lists more.

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