Market Update - January 2020
Welcome to the January edition of the Market Update
Both the US and China are optimistic that a ‘phase one’ trade deal will be reached, but subsequent negotiations will likely prove more difficult.
Tension between the US and Iran following the US assassination of Iranian general Soleimani has left markets on edge.
The devastation from the Australian bushfires will have a significant impact on economic growth and may prompt further action by the RBA.
A Conservative Party victory in the UK general election has allowed the government to move ahead with its EU withdrawal bill, paving the way for Brexit on 31 January 2020.
Recent positive economic news from China has given markets confidence that an economic recovery may be possible.