Market Update Week Ending 8 January 2020

Despite increased social restrictions, rising coronavirus cases and deaths and protests from Donald Trump’s supporters who stormed the US Capitol, global equity markets enjoyed a strong first full week of the year.

Weekly performance up to 8 January 2021
FTSE 100 (UK) +6.4%
Dow 30 (US) +1.6%
Euro Stoxx 50 (Europe) +2.6%
Nikkei 225 (Japan) +2.5%

In terms of £ Sterling, it closed the week (to 8 January), at 1.36 US Dollars, which was 0.8% lower than the figure at the end of the previous week (1 January).

Against the Euro, £ Sterling closed on 8 January at 1.11 Euros, which was 1.4% lower than the closing figure on 1 January.

Inflation, as measured by the Consumer Prices Index including owner occupiers’ housing costs (CPIH) was 0.6% in November 2020 (this is November’s data which is reported in December).  This was down from 0.9% in the previous month with falling prices for clothing, and food and non-alcoholic beverages resulted in the largest downward contributions.  The 12-month rate for the Consumer Prices Index (CPI) rate which excludes owner occupied housing costs and council tax was 0.3% in November, down from 0.7% in October.

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 – 11TH JANUARY: 

MARKET UPDATE: PROSPECT OF FURTHER US ECONOMIC SUPPORT DRIVES GLOBAL SHARES

Markets: Shares welcome Democrat victory in Senate

UK: Shares rally as UK and EU seal trade deal

US: Economy sheds jobs

Europe: Lockdown weighs on consumer spending

Commodities: Saudi Arabia reduces oil output

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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