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D-PIMS Weekly Market Update - Week of 16th to 22nd December 2019

Today’s Monday Update:

Last week was a quiet week after all the election/trade deal drama of the previous week:

• Markets started in a good mood last Monday, after the key uncertainties of Brexit and US/China Trade tensions had subsided somewhat at the end of the previous week.

However, currency traders had already started worrying about a potential ‘no deal’ Brexit in 2021. This was after Boris Johnson confirmed that a no transition period extension clause will be in the withdrawal agreement when it is brought to Parliament for the vote on Friday.

• On Thursday the US Democratic House finally decided to impeach President Trump (the third president to be impeached). There will now be a trial in the Republican led Senate. Markets seem to take little notice of this, as it is assumed that the trial held by the Republican senate will vote not to remove Trump.

• On Friday the Brexit ‘Withdrawal Bill’ was finally voted through in Parliament (no surprise given the large Government majority now!), drawing a line under a year fraught with delays and uncertainty.

• Over the week the world’s Stockmarkets rose with the UK’s FTSE index outperforming most. The Pound did lose some strength from the previous strong run and this meant that overseas holdings did better after taking currency returns into account. The D-PIMS Portfolios had a very good week with strong rises across the range, especially the higher risk Portfolios.

 

The value of investments and the income from them can fall as well as rise and you may not get back the original amount you invested.


Past Performance is no guarantee of, or guide to future returns.


The comments made above represent our interpretation of events and market views and are in no way a guarantee of future investment performance.

 

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