Looking back at the markets through February

A selection of articles looking back through the markets last month. Global Market Review Investors take fright as coronavirus takes hold As the spread of coronavirus gathered pace across the world during February, investors became increasingly concerned that the economic impact could trigger a global recession.  “Central banks are coming under pressure to respond to … Continue reading “Looking back at the markets through February”

International trade winds and stock markets

If the coronavirus situation escalates, world trade is in for a major supply shock that will damage company earnings and productivity. The outlook remains unclear. There were attacks on the international order of promoting free trade before the coronavirus hit. Many emerging countries refused to make rapid progress to lower tariffs and fewer barriers to … Continue reading “International trade winds and stock markets”

The biggest winner from coronavirus is Donald Trump

It should come as a surprise to no-one that the figures from China about coronavirus infections and deaths have been massaged to make them look better. As the crisis in Xi Jinping’s government from his mishandling of the situation mounts, the biggest winner is now becoming clear. It’s looking more and more likely that Donald … Continue reading “The biggest winner from coronavirus is Donald Trump”

A wall of money battles the virus

Some investment commentators had been relaxed about the Chinese virus, reading into the official numbers the idea that new cases had peaked. The Fed, the Bank of Japan, the European Central Bank and the People’s Bank of China are all running supportive policies, putting money into markets in various ways. As this money helped drive … Continue reading “A wall of money battles the virus”

Looking back at the markets through January

A selection of articles looking back through the markets last month. Global Market Review Coronavirus hits investor sentiment Investor sentiment was initially buoyed in January as the US and China signed their interim trade deal, driving US share indices to new all-time highs. However, major global equity markets ultimately ended the month in negative territory … Continue reading “Looking back at the markets through January”

Big troubles for China

The Chinese government is facing pressures on a number of fronts. Its rulers may be about to find out that, for investors, good governance really matters. We have been negative about the prospects for the Chinese equity markets for some time. We worried about the slowdown in 2019 and the continuing hostility of the US … Continue reading “Big troubles for China”

Could the coronavirus derail the global recovery?

China is acting fast to contain the spread of coronavirus but the risk of economic disruption is high.  Concerns over the spread of the coronavirus are escalating as the death toll has jumped to 81 with 2,744 confirmed cases worldwide (as at 11:00 GMT, 27 January). Travel restrictions on about 40 million people around Wuhan, … Continue reading “Could the coronavirus derail the global recovery?”

How good is the US-China trade deal?

When the world’s two largest economies and powers sit down to talk, the world waits to learn what they have agreed. The document signed by the US and China this week is an unusual international agreement, as it has no reference to independent arbitration and little external reference to world bodies, mentioning the IMF on … Continue reading “How good is the US-China trade deal?”

Looking back at the markets through December

A selection of articles looking back through the markets last month. Global Market Review Double-digit gains in 2019 Despite a year that was filled with political and social upheaval – from the trade war between the US and China, through Brexit, to the civil unrest in Hong Kong – many world markets achieved double-digit gains … Continue reading “Looking back at the markets through December”

Looking back at Global markets in November

Global Market Review Brexit takes a back seat Although politics continued to dominate newsflow and sentiment in the UK during November, Brexit was superseded by the General Election as the focal point. As the different parties set out their manifestos, Brexit took a back seat as the focus of the different party leaders shifted to … Continue reading “Looking back at Global markets in November”

Looking back at the markets through October

A selection of articles looking back through the markets last month. Global Market Review Election fever October saw the UK plunge into election fever as progress on Brexit once again ground to a halt. Although Prime Minister Boris Johnson managed to reach a new Brexit Withdrawal Agreement with the EU , he failed to win … Continue reading “Looking back at the markets through October”

A look at equity markets in Japan and China

On a day when Wall Street has reached new all-time highs, there has been some favourable effects on equity markets around the world. The bulls are buying, hoping that there will be some modest trade deal soon between the US and China. Meanwhile, all can enjoy the benefits of low-interest rates and more money available … Continue reading “A look at equity markets in Japan and China”

The impact of US foreign policy on markets

Trade restrictions and tariffs are the main response of the Trump administration to foreign disagreements, but there are some positives too. Donald Trump moves markets. He watches them regularly and tries to influence them by what he says and what he does. He sees a rising US share market as proof that he is making … Continue reading “The impact of US foreign policy on markets”

It really is a digital world

Over the last ten years of recovery from the boom and bust of the western banking crash, shares have performed well. World equities have produced a return of 155% over the decade. The years have been characterised in the advanced world by an unusual combination of low interest rates and low inflation. Cheap imports from … Continue reading “It really is a digital world”

Looking back at the markets through September

A selection of articles looking back through the markets last month. Global Market Review What next for Brexit? The long-running Brexit saga took a new twist in September as the clock continued to tick towards its Hallowe’en deadline. After being suspended earlier in the month, the UK Parliament was hastily reconvened towards the end of … Continue reading “Looking back at the markets through September”