November market update
November market update – US equities provided a Thanksgiving treat
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 2018.
US equities provided a Thanksgiving treat for global investors in November, despite continued market volatility following October’s sharp falls in markets.
What happened in the markets?
- The technology sector remained under pressure and, notably, concerns over the demand for Apple’s products saw it lose its crown as the world’s largest company by market capitalisation to Microsoft
- Global growth fears linked to ongoing trade tensions and tightening monetary policy continued to weigh on the more cyclical areas of the market
- Oil prices sold off sharply on fears of oversupply, which provided a boost to a number of energy-importing emerging markets
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This article was previously published on Tilney prior to the launch of Evelyn Partners.