2020 is set up to be a very interesting year from a markets perspective. Central banks have begun to turn the stimulus taps back on while the US/China are about to officially sign a Phase 1 trade deal.
One of the dominating themes across 2020 will no doubt be central banks; including the Federal Reserve, European Central Bank and Bank of England. The pace of global growth is slowing a lot faster than previous years and many participants are focusing on central banks to cushion the blow. Will 2020 see more interest rate cuts?
China and the US will also be in focus. Following the signing of the Phase 1 deal, which Trump is set to officially sign at the White House on the 15th January, will there be further progress or will the pair of administrations distance themselves once again?
2020 will see a big election. This time, thankfully, not from the UK. Across the pond President Donald Trump will be fighting for a second term. It’s unclear at the moment who he will be going head-to-head with but whoever this maybe, it’s sure to be an interesting battle and one which could have profound impacts on financial markets.
The first full trading day of the year kicks off with manufacturing PMIs from across the eurozone, UK and US.
All the best for 2020!
Written by Viv Savani. 8:45am, January 2nd 2020
The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.
8:25am, December 18th 2019
Sterling slammed as concerns of hard Brexit return…