Below are some key highlights from what happened in markets in November 2023:
- Most asset classes performed strongly in November as positive sentiment drove equity and bond prices higher. Global equities generated 4.7% over the month and are now over 10% up year-to-date.
- Better than expected inflation data from the US, UK, and eurozone boosted hopes of earlier interest rate cuts next year.
- The Bank of England followed the US Federal Reserve in holding interest rates at the current level at November’s meetings.
- Given these market conditions, portfolios typically generated a positive absolute return over the month.
For more details, please download our full November Market Digest below!