Markets were broadly higher in November, though signs of fatigue and more choppy trading emerged as earnings season wrapped up. The end of the U.S. government shutdown left a backlog of labour and economic data, keeping investors uncertain about the true state of the economy. Early data showing softness led markets to price in a potential Federal Reserve rate cut in December. With the holiday season approaching and trading volumes typically lower, strong year-to-date performance suggests markets may hold steady into year-end.
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