November market update – Global equity markets continued their positive momentum

November market update – Global equity markets continued their positive momentum

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Chris Godding
Published: 09 Dec 2019 Updated: 13 Jun 2022

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

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Disclaimer

This article was previously published on Tilney prior to the launch of Evelyn Partners.