June Market Commentary

Introduction For the second month in a row, we went back to the previous month’s Commentary before we wrote a word. How did we leave April in this rapidly changing world? With the Prime Minister having just come out of hospital and becoming the father of a baby boy. With plenty of bad news to…

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May Market Commentary

Introduction Right now, even a week seems a long time in the news agenda. Remembering the end of March, when we wrote our last Stock Market Bulletin, feels like looking back into a different era. Reflecting back, how did we leave March? With the US having overtaken China as the country with the most confirmed…

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April Market Commentary

Introduction In March, the coronavirus outbreak seemed to steal all the headlines, giving us almost hourly updates as it transformed our lives, and made the word ‘unprecedented’ feel like an understatement. Inevitably, there has been a serious impact on world stock markets, which have suffered their worst quarter since 1987. The figures that follow will…

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March Market Commentary

Introduction Not the election of Donald Trump, not the US/China trade dispute. Not even Brexit. We cannot recall a single issue having so completely dominated the news, or threatened to have such serious consequences, as the outbreak of Coronavirus. In February, the virus’ impact on the world stock markets was clear for everyone to see.…

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February Market Commentary

China grabbed the headlines again in January, but this time not for trade. On 31st December, the Chinese authorities had notified the World Health Organisation of an outbreak of pneumonia in Wuhan City, Hubei Province. Today the country is in lockdown, the death toll is rising fast, the number of infected is rising faster. The…

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