November market update – US equities were the standout performers

November market update – US equities were the standout performers

Gettyimages 697853664 WEB
Chris Godding
Published: 05 Dec 2017 Updated: 13 Jun 2022

The S&P 500 was the standout performer in November, as the US equity market tallied up a record of 13 successive positive months of returns – a first in 90 years of data. We will have to wait and see whether a Santa rally helps December deliver the first full calendar year of positive returns.

What happened in the markets?

  • Closer to home, UK equities had a challenging month, with headwinds from a deteriorating economic outlook and the strengthening of sterling late in the month following reports of an apparent breakthrough in Brexit negotiations with the European Union.
  • European equities also struggled against a stronger euro in November.
  • Asia and Emerging Market equities had a more subdued month of returns after a strong year so far.

Read our market commentary

We hope you have found this update helpful. Please do get in touch on 020 7189 2400or email if you have any queries or would like more information.


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