Monthly Coffee Break

The results of the US elections are quickly being absorbed by financial markets, propelling US equity indices to new highs.

During October, markets moved to price in a return of Donald Trump to the White House – and were ultimately proved right.

This US presidential cycle was historic in many ways, not least in terms of the starkly contrasting policy agendas proposed by the opposing candidates.

In October, European equities closed the month lower. European headline inflation was revised down to 1.7% year-on-year in September (from the preliminary 1.8%).