The major development over the month of November was the sharp drop in commodity prices which caused the A$ to fall and the local equity market to underperform globally. On the other hand, global equity markets rose strongly, reflecting the strength in the US economy and hopes that further central bank policy stimulus will help to foster growth in the more challenged economies of Japan, Europe and China. Lower commodity prices and accommodative policy helped bond yields fall further, supporting fixed income returns.
Have just read your November review. Excellent, concise and relatively easy for the layman to understand.
Many thanks
John
John,
Many thanks – glad you enjoy it