In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during November.
- Global share markets made a gain of around 11% in November
- There has been very encouraging economic data coming out of the US and China, suggesting that a global recovery has begun
- Australian shares made a robust 10% gain in November, due largely to the positive news around the global vaccine
- The Australian economy grew 3.3% in the September quarter, however Australia is struggling to generate enough jobs to lower the unemployment rate
Watch the MLC Economic update – December 2020 video below.
By Bob Cunneen