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

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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