With a General Election now called for 12 December, there is a chance that the acrimonious stalemate in Parliament over Brexit might soon be over and the UK will leave the EU by 31 January 2020.
It is a nightmare writing an investment piece about the UK.
It has been a strong showing for European equities in recent weeks, with the European Central Bank (ECB)'s policy action – and the rate cut in the US – all helping to lift shares higher.
The sustainability of UK equity income streams has been called into question, with underlying dividends across the market falling by almost 3% on a constant currency basis during Q3 – the worst quarterly performance for three years.
The strong underlying demand growth in liquefied natural gas (LNG) sets the global gas market apart from the oil market, where a managed decline in long-term production seems to be the most plausible future scenario.
Japanese equities have been sensitive to weaker global industrial demand over the past 12 months, but we expect the earnings impact from the ongoing slowdown to bottom out by the end of this fiscal year.
The auto sector and credit markets have long had a love-hate relationship.
Saudi Arabia's successful 'Future Investment Initiative' ('Davos in the desert') last month and the much-anticipated listing of Aramco have reminded us of the potential of the Gulf region for investors.
Four factors may work as catalysts in 2020
North American equity markets have rewarded investors in 2019 and are at or near all-time highs.
2019 has been a stellar year for global bond markets, as weak global economic growth and low inflation have combined with ever more accommodative central banks to push global bond yields significantly lower.
Europe's stockmarkets are on average up more than 20% this year.
Passive equity products have become popular over the past decade as it has become easier and cheaper to track the performance of an index.
The world’s economies are at different stages in the business cycle.
Financial technology (fintech) is fuelling a cycle of disruption in the financial services industry.
One of the more important developments in markets since the late 1990s has been the emergence of a negative stock-bond price correlation.
The US dollar has performed well, up more than 7% since the end of 2017, and continues to enjoy a number of supports.
China has risen fast and accomplished much in 70 years of the People's Republic, but nothing rises smoothly.
Global manufacturing continues to contract as trade falters. The Trump administration’s attempts to overhaul trade agreements are cooling sentiment and raising global uncertainty.
An adage of equity investing during a US presidential election cycle is 'avoid healthcare'.
The European real estate investable universe is large, totalling some €2.5trn.
What do you do when one of the world’s oldest, highest quality markets is treated like a developing one?
Macroeconomic factors in Asia including the US-China trade war, Hong Kong’s political unrest and India tackling an economic slowdown, are likely to remain impediments to growth in 2020.
Most fixed income has performed well in 2019 aided by the change in outlook from many central banks around the world and the gross redemption yield (GRY) on many bonds have fallen to very low or negative levels.