Market Review: November 2018
Global markets started the month hesitantly in anticipation of the US midterm elections. This, alongside the trade sanctions imposed on Iran and Trump’s continued criticism of the Fed increasing interest rates, contributed to investors’ unease. However, post-election gains saw the Dow Jones rise with more than 2% – the greatest post-election increase seen in over 30 years! But, the technology sector fell again later in November, led by a decline in the Apple share price. The decline allowed Microsoft to overtake the former giant as the world’s most valuable company.