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Investment risks, made in Japan, pharma's changing formula: Investment Insights November 2026

6 November 2026

Our thought-provoking monthly analysis of markets, economies, and investment opportunities and risks in particular sectors


Rathbones Investment Management
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  4. Investment risks, made in Japan, pharma's changing formula: Investment Insights November 2026

Article last updated 9 November 2026.

Our October edition features three stories — read online versions via the links below or download a PDF with all three articles. 

 

In this edition:

  • Seasonal scares: We consider ways of coping with investment risk.
  • Pharma’s changing formula: New treatments and AI offer hope amid pricing and patent pressures.
  • Made in Japan: The country has much to offer in the age of AI.

 

This information reflects our general views and should not be taken as a recommendation or advice as to how any specific market is likely to perform. The value of investments can go down as well as up and you could get back less than you invested.

Robot serving sushi in Japan

4 mins

9 November 2026

Made in Japan

The country has much to offer in the age of AI.

Made in Japan
medical lab image

5 mins

9 November 2026

Pharma’s changing formula: article with interactive table

New treatments and AI offer hope amid pricing and patent pressures.

Pharma’s changing formula: article with interactive table
Download these articles in a single PDF file

Snapshot

The global economy and markets

Figure of the month

£20,000

Roughly what Sir Isaac Newton is said to have lost in the South Sea Bubble of 1720, worth £3.7m today. He sold early at a profit, then bought back in near the top. Even geniuses can fall for the fear of missing out – a lesson that still holds for investors today.
 

At a glance

$0.5tn

Fall in Alphabet’s market cap on 29 October

5%

French 10-year bond yield, the highest since 2002

1%

Forecast total increase in UK real disposable income a decade after the pandemic (OBR)

13.9%

Fall in Brazilian stocks after presidential election

Key market indicators

Equities

Total return (1 October 2021 = 100)
 

Government bonds

Difference between 2- and 10-year yields (%)
 

Equities

Total return in local currencies (1 Nov 2021 = 100)
 

Commodities

Oil, gold, and silver prices in US dollars
 

Download Investment Insights as a PDF

Access more investment insights

Alongside this monthly Investment Insights publication, our large and experienced in-house research team share a wide range of updates and analysis, from regular strategy commentary and video briefings to in-depth reports, all designed to help you understand what’s driving the global economy, financial markets and the outlook for investment returns.

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