Market Update Week Ending 27 November 2020

It was an exceptional month for global equity markets in November as three potential vaccines emerged to overcome the coronavirus pandemic.  The FTSE 100 index gained 12.4% which was its best month since January 1989.  Similarly, in the United States, the Dow Jones 30 was up 11.8% which was its best month since January 1987.

Monthly performance to end of November 2020
FTSE 100 (UK) +12.4%
Dow 30 (US) +11.8%
Euro Stoxx 50 (Europe) +18.1%
Nikkei 225 (Japan) +15.0%

In terms of currency, £ Sterling ended November at 1.33 US Dollars.  This was 2.9% higher than the figure at the end of October.

Against the Euro, £ Sterling ended November at 1.12 Euros, which was 0.5% higher than the October closing figure.

Inflation, as measured by the Consumer Prices Index including owner occupiers’ housing costs (CPIH), was 0.9% in October 2020 (this is October’s data which is reported in November).  This was up from 0.7% in the previous month with clothing, food and furniture, furnishings and carpets making the largest upward contributions.  The 12-month rate for the Consumer Prices Index (CPI) rate which excludes owner occupied housing costs and council tax was 0.7% in October, up from 0.5% in September.

There were no further changes to the Bank of England base rate last week following the two previous cuts in March.  The current rate remains at 0.1%.

The Omnis Managed funds, Openwork Graphene Model Portfolios and Omnis Managed Portfolio Service provide you with a diversified asset allocation in line with your Attitude to Risk, investing in Developed Market Equities, such as UK, US, Europe and Asia Pacific as well as Emerging Market equities.  Cautious and Balanced investors will also have significant holdings in UK and Global Bonds, as well as Alternative Strategies.

We believe this multi-asset approach aims to minimise global equity market falls in volatile periods.  Past performance is not a guide to future performance.  The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations.  You may not get back the amount you originally invested.

OMNIS INVESTMENT MARKET UPDATE – 30TH NOVEMBER:

GLOBAL SHARES SET TO NOTCH UP STRONG NOVEMBER

Markets: Vaccine developments and Biden victory boost shares

UK: Brexit uncertainty weighs on pound

Global economy: Business activity rises in US

Commodities: Vaccine optimism boosts oil prices

Read more >>

At Money & Mortgages, our team are working and available during the coronavirus lockdown and we’re happy to arrange video meetings and phone appointments.  For more information please contact us on 0161 505 0601 or via email info@moneymortgages.co.uk

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