November markets so far

US equities notched record gains as the month of November began. The rally was supported, in part, by US data that contrasted with slowing in the other core economies, alongside upbeat corporate earnings. Hopes rode high for an initial US-China trade agreement this month, and risk of a near term hard Brexit faded. While recession fears remain elevated, those worries have been soothed for the moment as central banks have either delivered more easing, or maintained scope for near term easing.

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Stuart Cowell

Head Market Analyst

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