Trading conditions remained tough in November as negative headlines dominated attention. Investors reduced their appetite while demanding higher yield for EU countries’ bonds. Last month, global equities (MXWO) plunged more than 10.0% while equities in both developed and developing nations (MXUS and MXEF) fell 7.6% and 12.2% respectively. However, news that the world’s major central banks including the ECB, Federal Reserve, Bank of England and the central banks of Canada, Japan and Switzerland implemented fresh coordinated action to tackle the global financial crisis last Wednesday had helped to revive confidence in the marketplace. Will we see a December rally this year