March Market Commentary

Introduction Welcome to the March Market Commentary: as you will see below, February was a good month for world stock markets with virtually all the major markets moving in the right direction. It was also the month that saw the rollouts of various vaccines accelerate in many countries. As we write on the morning of…

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February Market Commentary

Introduction It might be appropriate to start in January 2021 by looking back at last year. At the start of January 2020, we were fairly sure what we would be writing about, which included the run-up to Brexit on the 31st and a gradual thawing of US/China relations with a long-awaited trade deal due to…

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January Market Commentary

Introduction 2020 has been a year like no other, and yet – as we will see below – the majority of world stock markets have enjoyed a good year. It was also a good year for Joe Biden, who defeated Donald Trump in November’s Presidential election, and for supporters of Brexit. Finally, some 4½ years…

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December Market Commentary

Introduction Is the end of November a time to celebrate? All the stock markets we cover in the Bulletin made significant gains in the month; the UK’s second national lockdown ended last week and, as we write, Christmas is a little under three weeks away. Or is the glass half-empty? We’re going to come out…

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November Market Commentary

Introduction The end of October brought plenty of bad news for Western economies as scientists stood in front of graphs and talked of ‘inexorable rises’ and ‘exponential increases.’ Unsurprisingly, stock markets duly took note. We report on 12 major stock markets and only two, India and Hong Kong were up in October, with all the…

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