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D-PIMS Weekly Market Update - Week of 17th to 23rd February 2020

Apart from the unfolding Coronavirus crisis, there was not a great deal of economic/ market occurrences over the last week:

• British inflation unexpectedly rose to a six-month high in January, pushed up by higher petrol prices and a smaller-than-usual drop in airfares, official data showed on Wednesday. Consumer prices rose at an annual rate of 1.8% compared with 1.3% in December, not far off the Bank of England’s 2% target. A Reuters poll of economists had forecast a rate of 1.6%.

• Saturday saw the far left US Democratic candidate Bernie Sanders, cementing his front runner position. This was after winning by a large margin in Nevada state, following on from his earlier win in New Hampshire. Markets see more chance of a second term for Donald Trump if Bernie Sanders does become the Democrat’s nominee.

• The weekend also saw a surge in Coronavirus cases in Italy, and with open borders across Europe the fear of further outbreaks elsewhere has risen.

• Over the week Global Stockmarkets were down especially in Sterling terms. The D-PIMS Portfolios fared better and all had at least a small positive showing. The coming week is likely to see Markets being very jittery and nervous over the escalation of Coronavirus cases in Europe and the fear a possible economic slowdown resulting.

 

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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