November market update – Global equity markets continued their positive momentum
Chief Investment Officer Chris Godding and Senior Research Analyst Louie French give their commentary on what happened in the markets and global economies over the month of November 2019.
Published on 09 Dec 20191 minute read
Written by Chris Godding
Global equity markets continued their positive momentum in November, fuelled by tentative signs of progress in US/Sino trade talks and a degree of stabilisation in forward-looking PMI data.
In this edition
- US equities were the standout performers over the month, with financials and technology stocks notably stronger
- Total returns from global fixed income markets were subdued again over the month, with higher yields continuing to act as a headwind
- Commodity prices were weak over the month, particularly precious metals, as the US dollar strengthened following an indication from the US Federal Reserve Chairman Jerome Powell that rates will be kept on hold in the near future
We hope you have found this update helpful. Please do get in touch on 020 7189 2400 if you have any queries or would like more information.
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