Highlights: In November equity markets were boosted by Donald Trump’s election victory as investors bet that his policies will be better for business and likely to lead to stronger US economic growth. Oil prices rose 5.5% to US$49.41 per barrel (WTI) after OPEC and some non-OPEC countries agreed to cut production. Chinese purchasing manager indices…

In this update, Bob Cunneen, Senior Economist and Portfolio Specialist, reviews events in markets during November. He discusses: how US shares and bond yields surged higher given President-elect Donald Trump’s promises of corporate tax cuts and infrastructure spending the solid gains recorded by global shares, and how Australian shares rebounded given stronger commodity prices. Find…

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year. Economic conditions in China have steadied, supported by growth in infrastructure and…