There was little change to the overall market background during the month. Attention remained dominated by the risk of new waves of the virus, and the pace with which vaccines are being administered in major regions.
Economic indicators have been generally positive recently, although the implementation of various lockdown restrictions nationwide are
clouding the outlook.
Manufacturing PMI in November increased to roughly 50, hovering near the breakpoint between expansion and contraction.
Rising living costs have made it tricky for many Australians to make ends meet.
The presidential election in the US on 5 November could dominate headlines during October, before the next meeting of the Federal Reserve later that same week. Investors are already debating whether a further reduction in borrowing costs in the US could be announced following this meeting.
