Global Markets In November - Besieged By Volatility: CARE Ratings

Global Markets In November - Besieged By Volatility: CARE Ratings

Trading on NYSE (Photographer: Michael Nagle/Bloomberg)

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CARE Ratings Research Report

November started with encouraging signs of global economic progress even as concerns over rising prices loomed.

Stocks initially rose on strong company earnings report, energy prices climbed as demand picked up and bond yields climbed on inflationary pressures linked to economic resurgence.

As the month progressed, pandemic related fears once again came to the fore. A rise in Covid-19 infections in Europe and associated restrictions there hit investor sentiments. This was aggravated by the emergence of a new, potentially more contagious, variant of the Covid virus which has triggered a fresh wave of restrictions across countries and raised concerns over the implication it holds for global economic recovery.

This provoked a sell-off in riskier asset classes and a rush towards safe haven assets. Thus, stock declined, oil slumped, dollar strengthened and bond yields fell by month end.

Click on the attachment to read the full report:

CARE Ratings Global Markets Round-Up- November_2021.pdf
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DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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