MARKETS: (DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

Given the unexpected victory of Donald Trump in the USA Presidential election, on November 8th, the global equity markets reacted surprisingly serenely.

After an initial knee-jerk reaction south, most indices recovered well. Here in the UK, the FTSE100 had risen to 6,911 at one stage only to drop off 2.45% at the close of the month finishing at 6,783.8. The wider FTSE250 trod water, ending at 17,545.75, up a marginal 0.01%, whilst the junior AIM market slipped 0.39% to finish at 819.00.

More importantly, the American markets reacted well to Trump’s triumph with observers and investors anticipating a bullish increase in infrastructure investment. The Dow Jones gained 5.41% to 19,123.58 and the technology based Nasdaq adding 2.59% to end at 5,323.68.

Mainland Europe saw the Eurostoxx50 drift off 0.12% to 3,051.61, whilst the Japanese Nikkei225 saw a robust increase of 5.07%, closing November out at 18,308.48.

On the foreign exchanges, Sterling recovered some of the ground lost in October, rising against the greenback to $1.25 for a 2.46% monthly lift and to €1.18 against the Euro to show a 6.3% gain. The US Dollar also strengthened against the Euro to $1.06, a 3.6% rise.

Oil, as measured by the Brent Crude benchmark, had another volatile month, falling as low as $44.43 a barrel early in the month, but rebounding strongly on the last day of November to $50.47, as both OPEC and non-OPEC producers, such as Russia, finally agreed a cut in production of 1.2 million barrels per day (bpd) from OPEC and 600,000 bpd from non-OPEC producers. The Black gold now stands 35.38% higher than at the close of last year.

Gold remained unloved, given the volatility of other markets. The precious metal lost 8.13% in the month, closing out November at $1,172.89 at troy ounce.

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