December market update – global equity markets ended 2019 in positive fashion

Chief Investment Officer Chris Godding and Senior Research Analyst Louie French give their commentary on what happened in the markets and global economies over the month of December 2019.

Centre Chris Godding
10 January 2020

Global equity markets ended 2019 in a positive fashion, supported by favourable geopolitical and monetary conditions, which included a phase-one trade deal agreement nominally agreed (but not yet signed) between the US and China in December.

In this edition

  • Asian, Emerging Market and US equities outperformed over the month and final quarter of 2019
  • December was also a positive period for commodity markets, particularly oil prices, which rose strongly over the month following a number of supply related headlines
  • In currency markets, the Conservative Party’s comprehensive election victory in December, combined with Boris Johnson’s earlier delivery of a new withdrawal agreement with the EU, helped sterling record its strongest quarterly performance against the US dollar in over a decade

 

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