D-PIMS Weekly Market Update - Week 4th to 10th November 2019
Today’s Monday Update:
Apart from the ‘noise’ around the Election campaigns, not a lot happened over the last week:
• The election campaigns officially kicked off. The press reported that the Tories had got off to a bad start partly due to a ‘doctored’ video, even though a number of Labour MPs were forced stand down over ‘racist’ comments.
• Later in the week, Markets were cheered by China saying they had agreed with the US to a phased cancellation of Tariffs already imposed over the many months of ‘Trade War’. This is reportedly due to be part of any trade agreement that is due to be finalised before the next round of US tariffs would take effect on 15th December.
• The Bank of England held the base interest rate at 0.75%, although two members of the nine member rate setting ‘Monetary Policy Committee’ (MPC) did vote for a rate cut.
• Over the week the worlds Stockmarkets rose, which helped the D-PIMS Portfolios put in a generally positive showing, especially the higher risk portfolios.
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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.