Global financial markets having 'awful year' despite 'great' November for most assets, says Deutsche Bank

One of the places that turned in the best November performance was Hong Kong's Hang Seng Index, said Deutsche Bank's Jim Reid.

The month of November brought some good cheer to global financial markets, with more assets up than any other month since December 2020, according to data compiled by Deutsche Bank.

One of the areas that turned in the best performance was Hong Kong’s Hang Seng Index HSI , which had its best month since October 1998 and was up 27% in USD total return terms, according to Jim Reid, head of thematic research for Deutsche Bank DB . By contrast, the U.S. Dollar Index DXY fell 5% in November for its worst monthly performance in over a decade, he said.

Even though November was “a great month for most assets, that shouldn’t detract from what’s still been an awful year,” Reid wrote in a note Thursday.

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