November in Figures
November 30, 2016
World financial markets spent most of November grappling with the implications of Donald Trump’s unexpected victory and the Republican Party’s coming control of the executive, legislative and judicial branches of the federal government, as well as most state governorships and legislatures. A possible December hike of the federal funds target became a virtual certainty after the U.S. election and amid data indicating continuing progress toward the central bank’s goals of 2% inflation and full employment. The ten-year Treasury yield led a rise in other sovereign debt yields of that maturity. The dollar leaped more than 9% against the yen and posted solid gains against many other currencies. In Britain, which provided the other huge surprise of 2016, sterling performed even more strongly than the dollar. However, while U.S. equities rose to fresh highs, the British Ftse declined. Oil advanced about 5%, punctuated by today’s OPEC agreement to curb production starting in January, while gold fell about 8%, which was consistent with the dollar’s appreciating trend during the month.
| 10-Yr Yield | 11/30/16 | 10/31/16 | Chg v End-Oct |
| U.S. | 2.39% | 1.83% | +56 Basis Points |
| Germany | 0.27% | 0.16% | +11 |
| Japan | 0.01% | -0.06% | +7 |
| U.K. | 1.41% | 1.24% | +17 |
| Canada | 1.58% | 1.19% | +39 |
| Switzerland | -0.19% | -0.46% | +27 |
| 3-month rates | 11/30/16 | 10/31/16 | Chg v End-Oct |
| U.S. | 0.93% | 0.89% | +4 Basis Points |
| Euroland | -0.31% | -0.32% | +1 |
| Japan | -0.08% | -0.02% | -6 |
| U.K. | 0.39% | 0.40% | +1 |
| Swiss | -0.75% | -0.73% | -2 |
| FX | 11/30/16 | 10/31/16 | $ Chg in Nov |
| EUR/USD | 1.0597 | 1.0981 | +3.6% |
| USD/JPY | 114.35 | 104.63 | +9.3% |
| USD/CHF | 1.0168 | 0.9889 | +2.8% |
| GBP/USD | 1.2514 | 1.2242 | -2.2% |
| AUD/USD | 0.7386 | 0.7608 | +3.0% |
| NZD/USD | 0.7085 | 0.7154 | +1.0% |
| USD/CAD | 1.3422 | 1.3413 | +0.1% |
| USD/CNY | 6.8894 | 6.7758 | +1.7% |
| Equities | 11/30/16 | 10/31/16 | Chg v End-Oct |
| S&P 500 | 2199 | 2126 | +3.4% |
| Nasdaq | 5324 | 5189 | +2.6% |
| Djia | 19124 | 18142 | +5.4% |
| Dax | 10640 | 10665 | -0.2% |
| Nikkei | 18308 | 17425 | +5.1% |
| Ftse | 6784 | 6954 | -2.4% |
| Canada TSE | 15083 | 14787 | +2.0% |
| Commodities | 11/30/16 | 10/31/16 | Chg v End-Oct |
| Oil, $ per barrel | 49.13 | 46.86 | +4.8% |
| Gold, $ per ounce | 1172.60 | 1271.50 | -7.8% |
Copyright Larry Greenberg 2016. All rights reserved. No secondary distribution without express permission.
Tags: commodities, foreign exchange, sovereign debt, stocks
ShareThis
