Month in Review Nov 2021: Investors surf the Covid market cycle

Global markets remained volatile in November as investors grappled with historically high rates of inflation and considered what rising prices might mean for central bank bond buying programs and the possibility that interest-rate hikes could arrive earlier than previous forecasts had suggested. The local share market saw miners benefit from a recovery in iron ore prices, although a slump in oil prices meant energy producers suffered to opposite experience. Banks were a weight on the Index over the month as investors considered that the best might be behind the lenders for the time being.

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