October seems to have been a month of mixed messages. After four interest rate rises in 2018, the US Federal Reserve announced an interest rate cut to 1.50% (the third cut this year) citing a slowdown in the US economy, and concerns over trade wars and a global recession.<\/p>\n
However, markets have generally been positive last month with risk assets generally outperforming perceived safe havens. The S&P 500 posted another all time high last month, and emerging market equities posted a return of 4.20% during October. Much of this was due to market confidence that trade war concerns were receding with the announcement of a Phase One trade deal between the US and China.<\/p>\n
Political uncertainty in the UK has reduced as well with the prospect of a non deal Brexit now looking unlikely, and sterling has rallied against the dollar and euro, but as 70% of revenue from FTSE 100 companies is earned overseas, the improvement in the value of sterling has coincided with a fall in the FTSE 100 last month.<\/p>\n
Boris Johnson finally got his wish of another General Election, and the prospect in 2020 of maybe\u00a0a stable government and perhaps\u00a0an orderly Brexit\u00a0would\u00a0go a long way to establish market confidence after years of political turmoil.<\/p>\n","protected":false},"excerpt":{"rendered":"
October seems to have been a month of mixed messages. After four interest rate rises in 2018, the US Federal Reserve announced an interest rate cut to 1.50% (the third cut this year) citing a slowdown in the US economy, and concerns over trade wars and a global recession. However, markets have generally been positive… Read more »<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,6,9,5],"tags":[],"class_list":["post-2733","post","type-post","status-publish","format-standard","hentry","category-financial-planning","category-investments","category-media","category-news","wp-sticky"],"_links":{"self":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2733"}],"version-history":[{"count":0,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2733\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buckinghamgate.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}