November in Figures

November 30, 2017

The dollar fell mostly during November, constituting a change in direction from movements in October. Nonetheless, U.S. stocks recorded impressive gains just as they had the month before. Japanese share prices also climbed sharply in November, but many European stock markets declined. Investors became more confident that the Federal Reserve would hike interest rates in December and that a U.S. tax cut bill would be passed, if not before the Christmas recess, then early next year. The choice of Jay Powell to be Fed Chair evoked little market reaction, and neither geopolitical matters nor the ongoing Mueller investigation into Russian involvement in the 2016 U.S. election. West Texas Intermediate crude oil climbed at least 5% for a second straight month, but Comex gold hardly capitalized on the dollar’s softer tone in November.

10-Yr Yield 11/30/17 10/31/17 Chg vs -End-Oct
U.S. 2.41% 2.37% +4 Basis Points
Germany 0.36% 0.36% 0
Japan 0.03% 0.06% -3
U.K. 1.33% 1.33% 0
Canada 1.88% 1.95% -7
Switzerland -0.17% -0.12% -5
3-month rates 11/30/17 10/31/17 Chg vs End-Oct
U.S. 1.487% 1.38% +10 Basis Points
Euroland -0.33% -0.38% +5
Japan -0.01% -0.04% +3
U.K. 0.52% 0.43% +9
Swiss -0.75% -0.73% -2
FX 11/30/17 10/31/17 Pct Chg in $
EUR/USD 1.1905 1.1650 -2.1%
USD/JPY 112.56 113.70 -1.0%
USD/CHF 0.9836 0.9976 -1.4%
GBP/USD 1.3532 1.3285 -1.8%
AUD/USD 0.7565 0.7656 +1.2%
NZD/USD 0.6833 0.6844 +0.2%
USD/CAD 1.2896 1.2898 0.0%
USD/CNY 6.6091 6.6350 -0.4%
Equities 11/30/17 10/31/17 Chg vs End-Oct
S&P 500 2648 2575 +2.8%
Nasdaq 6874 6728 +2.2%
Djia 22272 23377 +3.8%
Dax  13024 13230 -1.6%
Nikkei 22725 22012 +3.2%
Ftse 7327 7493 -2.2%
Canada TSE 16067 16026 +0.3%
Swiss SMI 9319 9242 +0.8%
Commodities 11/30/17 10/31/17 Chg vs End-Oct
Oil, $ per barrel 57.34 54.38 +5.4%
Gold, $ per ounce 1275.12 1267.00 +0.6%

Copyright Larry Greenberg 2017.  All rights reserved.  No secondary distribution without express permission.

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