It was a mixed month for world equity markets, with net monthly changes ranging from +22.3% (Argentina), +7.5% (USA), +3.3% (Australia), +2.9% (Germany), +1.4% (China), +0.5% (Russia, India), -1.4% (South Africa), -2.2% (Japan), to -2.9% (Brazil).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - RTSI
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Argentina - MerVal
Australia – AORD
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Summary
Seven world equity markets were net higher for November, with three net lower.
Argentina was monstrously higher, whilst Brazil was rather powerfully lower.
The USA, Argentinian, and Australian markets broke new historic highs.
Seven world markets have positive monthly momentum, and are trading above their respective monthly 10MA. The three exceptions were Japan, Brazil, and Russia.
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Looking ahead
Earnings:
M - $CLSK $ZS $CRDO
T - $BNS $CNM $DCI $CRM $OKTA $MRVL $PSTG $BOX $CURV $BASE $DSGX
W - $CHWY $FL $DLTR $RY $THO $CPB $CBRL $HRL $DAKT $SCWX $S $AEO $FIVE $SNPS $CHPT $PVH $AVAV $NCO $GEF $VRNT
T - $DG $TD $BBW $CSIQ $SIG $BMO $MEI $CAL $KR $CM $LULU $PATH $ULTA $DOCU $GTLB $HPE $IOT $VEEV $WOOF $ASAN
F - $DOOO $GCO
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Econ-data/events:
M - PMI/ISM manu', construction
T - JOLTS, vehicle sales
W - ADP jobs, PMI/ISM serv', factory orders, *Powell (1.45pm)*, Fed Beige book (2pm)
T - Weekly jobs, intl' trade
F - Monthly jobs, consumer sent', consumer credit
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Final note
We've just 21 trading days left of 2024... and perhaps... that is all that needs to be said.
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Have a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.
