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Global markets end November with mixed showing

US, Japan power ahead with returns of 2% and 3.3% respectively, the rest of the major regions lose ground.

Taking the US equity market as an example and using the price-to-estimated earnings ratio (PE), one would see that the market is currently expensive.

GLOBAL stock markets ended November with a mixed showing. The US and Japan powered ahead with returns of 2 and 3.3 per cent respectively, while the rest of the major regions lost ground. Fixed income markets reflected the general risk-off environment in November. The riskier segments of fixed...