Coronavirus Update

Coronavirus (COVID-19) Final 2020 Update Shortly after our last update, following a lacklustre period for share prices, it was announced on 6th November that Pfizer BioNTech’s vaccine was over 90% effective, prompting a rally in global equity markets.  This was led by the UK which rose 14.34% from 3rd November to 17th December outperforming the MSCI World index which rose 9.74%. (Source: FE Ana...
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RiverPeak Wealth Monthly Update for November 2020

Global Market Overview – November 2020  The US election kicked off November, with Joe Biden ultimately achieving victory over Donald Trump. Markets responded positively despite the former President’s ongoing (and somewhat desperate) attempts to claim victory via the courts. The US is now set for a period led by a Democratic president and a Republican senate – which has historically been a combi...
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RiverPeak Wealth Monthly Update for October 2020

Global Market Overview – October 2020 October was dominated by negative COVID-19 headlines, with a splash of US election fear added to the mix. As virus case numbers climb, and lockdowns begin again, it can be difficult to separate near-term emotions from the long-term outlook. However it is important to think about the big picture. When we step back, we remain optimistic about a global reco...
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Coronavirus Update

Coronavirus (COVID-19) Update – 30th October 2020 Since our last update, the weather has turned distinctly autumnal, the clocks have gone back and a so-called “second wave” of virus infections appears to be taking hold across Europe. The UK is grappling with a multi-tiered system of coronavirus restrictions whilst France has just announced a second national lockdown.  Meanwhile, across the pond...
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RiverPeak Wealth Monthly Update for September 2020

Global Market Overview – September 2020 In September our optimistic view on the outlook for risky assets was challenged almost immediately by the political and media narrative of a second wave of COVID-19. As schools reopened and the weather turned colder, the UK started to see a rise in positive tests. Local lockdowns began to occur throughout the country. The (understandable) negative soci...
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RiverPeak Wealth Monthly Update for August 2020

Global Market Overview – August 2020 There is a sense that the world is returning to normal. Many people have taken full advantage of the ‘Eat Out to Help Out’ scheme, which has ensured a return of atmosphere to pubs, cafes and restaurants. We have started to see this recovery come through in recent economic data. Notably, manufacturing and nonmanufacturing data across the US, UK, Europe and...
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RiverPeak Wealth Monthly Update for July 2020

Global Market Overview – June 2020 In June we saw the government in England relax restrictions by allowing shops to re-open and the easing of the 2-metre rule. This is a key development for the economy as it allows businesses to start plotting a path back to normal. Of course, different policy speeds in Wales, Northern Ireland and Scotland muddy the picture somewhat for the entire UK, but almos...
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RiverPeak Wealth Monthly Update for June 2020

Global Market Overview Global equities continued to advance in May as investors responded to the resumption of economic activity with an increasing number of countries starting to ease lockdown measures.  The announcement of further economic stimuli also provided a boost to risk appetite. The MSCI World generated a return of 6.95% in sterling terms.  Sterling weakened versus the dollar and ...
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RiverPeak Wealth Monthly Update for May 2020

Global Market Overview The recovery which began towards the end of March extended into April with global markets posting positive returns across the board. The MSCI World index generated a return of 9.04% over the month.  The S&P 500 was the best performing market with a return of 10.87%. Following March’s rout, the FTSE 250 also rebounded in April, returning 9.71% and outperforming the...
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RiverPeak Wealth Monthly Update for April 2020

Global Market Overview The sharp sell-off that began towards the end of February accelerated into March, as investors dramatically moved to ‘price in’ the increasing inevitability of a deep recession caused by the attempts of governments around the world to reduce the number of deaths from COVID-19. Volatility was exceptionally high and automatic circuit breakers in the US meant that the stock...
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