November was dominated by the theme of a US rate hike later in the year, along with the ECB’s dovish stance regarding further easing in the Eurozone. The latter has been to some extent realised earlier during this month when the ECB decided to cut deposit rates even further, adding to their menu an ever expansive array of negative yielding bonds on offer from countries otherwise plagued with anaemic growth. It would be interesting to see how this easy credit and the simultaneous calls for reforms aka austerity will lead the Eurozone onto firmer grounds. Meanwhile markets struggled with soft...