Please click on the link below to view our research department's latest monthly market update.

Key points raised are :

• November saw volatility despite the end of the US government shutdown.
• AI-related spending concerns weighed on global tech valuations.
• US rate cut expectations fluctuated ; Fed likely to ease in December.
• Australian CPI rose to 3.8% YoY, reducing chances of an RBA cut.
• Australian equities fell (-2.79%), led by IT and Financials; small caps outperformed.
• Global equities posted modest gains; defensive sectors outperformed.
• Bond yields diverged : US yields fell, Australian yields rose.
• Gold surged (+5.91%), Bitcoin slumped (-16.7%).