It was a mixed month for world equity markets, with net monthly changes ranging from +6.5% (Brazil), +6.0% (Russia), +2.1% (India), +0.8% (South Africa, Argentina), +0.3% (USA), -0.5% (Germany), -1.7% (China), -2.8% (Australia), to -4.1% (Japan).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - MOEX
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Argentina - MerVal
Australia – AORD
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Summary
Six world equity markets were net higher for November, with four net lower.
Brazil and Russia were powerfully higher, whilst Australia and Japan were powerfully lower.
The USA, Japan, Brazil, India, South Africa, and Argentina markets broke new hist' highs.
Nine markets are trading above their respective monthly 10MA, the exception being Russia
Eight markets have positive monthly momentum, the two exceptions being Russia and India
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Looking ahead
Earnings:
M - $HAFN $CRDO $MDB $SLP $VSTS $CANG
T - $BNS $SIG $UNFI $MRVL $GTLB $CRWD $PSTG $AEO $BOX $OKTA $ASAN $LESL
W - $DLTR $M $RY $CXM $THO $CRM $SNOW $AI $PATH $FIVE $GWRE $DSGX $HQY $PVH $TLYS
T - $KR $DG $HRL $TIGR $BBW $CM $SAIC $TD $DCI $HOV $RBRK $DOCU $S $IOT $CHPT $ULTA $HPE $COO $AGX $SPWH
F - $MNY $KNOP $VSCO
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Econ-data/events:
M - PMI & ISM manu', Powell (8pm)
T - Vehicle sales
W - ADP jobs, Import prices, PMI & ISM serv'
T - Weekly jobs, Intl' trade
F - Pers' income/outlays, PCE
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Final note
November was a net bullish month for the collective of world equities, not least with six indexes breaking new historic highs. You can argue a number of markets are overbought, but that can remain the case for many months.
With just 21.5 trading days (at least for the US market) left of the year, I will hope the price action is enough to keep most of us awake.
The most interesting action right now, is arguably in the silver market. Silver itself is currently net higher for the year by +84.7%, having printed a new hist' high of $56.51. $60 looks an easy target before Santa delivers. $70/75 looks realistic by mid January, which might sync with Gold $5K.
Anyway, the year is almost done, as is perhaps yours truly.
For more of the same... subscribe to my intraday service.
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Have a good weekend... if you can.
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*the next post on this page will likely appear 4.20pm EST on Monday.
