Tag: MSCI World Index

Should you believe in the Santa Rally theory, which suggests that stocks rise in the last days of the year? What does data from the last 94 years tell us? Investors found their festive spirits in 2020 despite a raging pandemic.

China’s transition towards 'common prosperity' will create some short to medium-term headwinds to the growth in luxury goods sales, but these should be more than offset by long-term, structural growth in the sector driven by an expanding middle-income cohort in China.

Hindsight, they say, is 20/20 vision. This being the year 2020, it turned out to be truer than ever before. For investors, and all of us really, there was so much about this year that was unpredictable, surprising and shocking.  With 11 months of the year now past, and in our penultimate note for 2020, we can look back at what investors might have known and could have done.

Although we all know the coronavirus that causes COVID-19 first emerged in China, there is some debate as to exactly when. As it spread through the city of Wuhan, authorities took what at the time seemed like an extraordinary decision to place the whole metropolitan area in quarantine from late January onwards.

Fears around the coronavirus (COVID-19) outbreak has spilled into financial markets. The coronavirus outbreak has rapidly approached global pandemic levels, and given the knock-on effects of the virus on economic growth, the fireworks in markets were inevitable.

The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating.

Markets are walking on eggshells as the outbreak of coronavirus disease (COVID-19), first reported from Wuhan, China in late December 2019, is wreaking economic havoc. Data from the world’s second largest economy shows a plunge in business activity in the last month, including massive declines in passenger traffic, electricity generation, shipping volumes and real estate transactions.

Investors found their festive spirits dampened at the end of 2018. With concerns over the health of the global economy looming large, global stocks fell 13.7% in the final quarter of the year, according to the MSCI World Index.