Markets Steady as Rate-Cut Expectations Reshape Global Positioning

A concise briefing from Invesco’s market specialists highlights how November’s cross-currents in growth, inflation and policy expectations shaped regional performance. 

• Europe led global equities as limited AI exposure and resilient financials offset Germany’s fiscal strain, while US markets recovered late on renewed hopes of a December cut.

• Asia-Pacific weakened on valuation pressure in tech, with China and Korea lagging and India outperforming on policy stability and easing inflation.

• Fixed income rallied in the US and UK as dovish signals lifted Treasuries and gilts, while eurozone returns were mixed.

For a deeper view into sector dynamics, macro drivers and cross-asset positioning, explore the full report.