November brought a softer tone to the global economy as conflicting data made it harder to judge the true strength of growth. Even the end of the 43-day U.S. government shutdown offered little clarity, with uncertainty around the labour market and the Federal Reserve’s next move weighing on sentiment. U.S. indicators told a mixed story - unemployment and jobless claims rose, consumer confidence slipped, yet payrolls beat expectations - leaving markets unsure of the direction of travel.

Bartizan Monthly Market Summary - 2025-11-30.pdf

Download PDF • 2.25MB