Update: February 2020 – London Offices

Global market developments have been varied considerably over the past month or so (see Chart 1). While global equities took a hit in the middle of February, they had recovered most or all of their initial falls after the initial coronavirus outbreak, before falling drastically towards the end of the month. Virus induced falls aside, the US S&P 500 had been set to outperform thanks to signs of economic recovery in the US after a temporary slowdown during much of 2019, as well as progress in trade talks with China. Read more