As the final weeks of the trading year come into focus, American shares remain the odds-on favorite to dominate 2024 performance for the major asset classes.
Daily Archives: November 25, 2024
Macro Briefing: 25 November 2024
US growth in business activity strengthened in November, according to PMI survey data. The US PMI Composite Output Index, a GDP proxy, rose to 55.3, a 31-month high. “The business mood has brightened in November, with confidence about the year ahead hitting a two-and-a-half year high,” says , Chris Williamson, chief business economist at S&P Global Market Intelligence. “The prospect of lower interest rates and a more probusiness approach from the incoming administration has fueled greater optimism, in turn helping drive output and order book inflows higher in November.”
