
Market Update November 2024
October was a pretty eventful month for global markets. In the U.S., job gains slowed to their lowest in years, mostly because of temporary setbacks from strikes and weather events.
October was a pretty eventful month for global markets. In the U.S., job gains slowed to their lowest in years, mostly because of temporary setbacks from strikes and weather events.
From the surprising resilience of the US labor market to the start of the rate-cutting cycle by major central banks, the past month has been an eventful one.
Inflationary pressures appear to be easing across many parts of the world, with key indicators showing either stable or declining trends.
Inflation rates are declining, and the anticipated recession has not materialized, painting a positive outlook for economic and earnings growth. This optimistic scenario is favorable for riskier assets, especially equities.
As the world’s largest economy, the United States continues to flex its economic muscles,
solidifying its role as a critical engine of global growth.