Global stocks rose modestly, supported by improving world economic growth and renewed mergers-and-acquisitions activity. U.S. and Japanese stocks led global markets higher for the month while European and emerging markets stocks — among the best gainers for the year — stalled amid signs of year-end profit-taking by some investors.
Consumer-related stocks rallied as the start of the holiday shopping season boosted both online and brick-and-mortar retailers, including Amazon and Wal-Mart. Telecommunications services stocks also advanced as investors searched for value in a sector that has significantly lagged the broader market on a year-to-date basis.
Equity Index Returns (%)
November 2017
YTD 2017
U.S. Dollar %
Local %
U.S. Dollar %
Local %
Source: RIMES