By any standard, last month was highly eventful and even turbulent. The main event was undeniably the US presidential election, which resulted not only in a convincing win of the electorate and the popular vote for Donald Trump but also brought majorities in the House of Representatives and the Senate for the Republicans.
As anticipated, markets were relatively slow and subdued yesterday, since the US celebrated the harvest feast from more than 400 years ago shared by the Pilgrims and the Wampanoag people. Other parts of the world, however, did not rest and the result was a slight uptick in prices.
Both equities and oil struggled to make significant advances ahead of the US Thanksgiving holiday. Financial data was a mixed bag with a somewhat negative slant. Buoyant US consumer spending and a fall in initial jobless claims mirror a solid economy.
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