In the 7 November Market Update, Stuart reviews a weak start to the month across major markets. After consecutive all-time highs, stocks, gold, and Bitcoin all declined sharply as November opened. The bond market continued to rally, gold failed to hold above the $4,000 level, and Bitcoin traded below $100,000 for the first time since June. Labor market softness has been the key driver, despite Wednesdayâs ADP private payrolls beating expectations. Central bank decisions from the RBA and Bank of England left rates unchanged, while PMI data highlighted a stark divergence between sectors â” weak manufacturing numbers contrasted with stronger-than-expected services data. Meanwhile, the U.S. government shutdown extends into day 38 as uncertainty continues. For more market insights and tra
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