November 2019
Global stocks rose during November. This was supported by the Federal Reserve rate cut at the end of October, optimism that trade tensions have eased, a resilient US economy, and corporate earnings. The Dow, S&P 500 and Nasdaq finished the month with gains of 3.7%, 3.4% and 4.5%. Bond yields rose globally in November with the US Treasury 10-year yield rising to 1.78%. The Bloomberg dollar index rose 1.11% in November. Of the emerging currencies, Latin American currencies were hi