JPM's International Month End Comments: Founders

Alpha Group's Key Drivers for November

JPM’s Alpha Group View on Stocks

November marked the strongest month for global equities this year, with the MSCI AC World up by an impressive 9.1%. Notably, DM equities outperformed EM equities, with the US leading the rally (S&P500 up 8.9%, Nasdaq up 10.7%). However, Japanese equities (TPX up 5.4%, NKY up 8.5%) and European equities (SXXP up 6.4%) lagged behind the US. China, despite substantial stimulus efforts, continued to trail global peers, with the CSI 300 down by -2.1% and HSI down by -0.4%, amidst growth and economic concerns.