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November 2024 was a dynamic month for global share markets, marked by significant gains and notable economic events.
November 2024 was a dynamic month for global share markets, marked by significant gains and notable economic events. Here's a detailed look at the performance and key drivers across major markets.
Global Equities Performance
Global equities experienced robust growth in November, with the MSCI World Index rising by 4.6% in USD terms and 5.4% in AUD terms. This surge was primarily driven by strong performances in the US market, which saw a 5.7% increase in USD terms.
United States
The US market led the global rally, buoyed by positive investor sentiment following the presidential election. The re-election of Donald Trump and the Republican control of Congress fuelled optimism about potential tax cuts and deregulation. Additionally, the US Federal Reserve's decision to cut interest rates by 0.25% to a range of 4.50% - 4.75% further boosted market confidence.
Europe
European markets had a mixed performance. While the overall sentiment was cautious due to concerns about potential US import tariffs, some markets managed to post gains.
Asia-Pacific
The Asia-Pacific region saw varied results. Japan's market showed signs of recovery with improvements in retail sales and industrial production, while China's market faced downward pressure due to fears of US tariffs impacting exports.
Australia
Australian equities also performed well, with the ASX 200 climbing 3.4% in November. This growth was supported by rising natural gas prices and increased demand for steel in China. However, underlying inflation concerns, and weaker PMI data indicated potential challenges ahead.
Key Economic Indicators
Global markets remained volatile as rising oil prices, inflation concerns and shifting rate expectations continued to impact investor sentiment. In this update, Tyson Roberts explores the latest developments affecting global markets, the Australian economy and the property sector. The article also highlights how ongoing uncertainty and AI-driven market momentum are shaping investment outlooks moving forward.
The 2026–27 Federal Budget is set to reshape Australia’s property market, with major changes to negative gearing and capital gains tax rules. In this article, Matt Damos explains what these reforms could mean for investors, first home buyers and future property strategies. The changes aim to encourage investment in new housing supply while easing competition for existing homes. Discover how the new rules may affect your plans to buy, invest or sell property in the years ahead.
Market volatility can have a bigger impact in retirement, making a reliable income strategy more important than ever. In this article, Paul Antos explores retirement income options including account-based pensions, annuities and blended strategies. He also explains how the Age Pension can provide added stability during uncertain times. Discover practical ways to help protect your retirement income and maintain confidence through changing markets.
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