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In Focus Monthly December 2018

In Focus Monthly - December 2018

There was much to absorb in 2018. As per tradition, this year’s final edition of ‘In Focus’ reflects on the lessons learnt from the latest trip around the sun.

Given the price gyrations in the equity markets this year, we’ve looked at how stock market valuations have changed over the course of 2018.

With the UK economy having very little to do with its stock market, it’s left to the UK’s currency and bond market to reflect the twists and turns of the Brexit saga. Our experts have given their view on the key factors that investors will need to consider.

A turbulent couple of months have been witnessed in the oil markets as the price of Dated Brent crude oil fell a whopping 34% between 4 October and 23 November. Read why we retain low conviction on both oil prices and the wider commodity complex.

We hope you enjoy reading this issue.

Three lessons from 2018

The importance of differentiating media and investor priorities, capital markets’ impact on populist governments and market volatility insurance all provided food for thought in 2018.

OPEC put floor under oil prices

Our experts explain why we retain a low conviction on oil prices and the wider commodity complex.

Brexit rippling through bond markets

The potential for a ‘no deal’ Brexit has recently been reflected in fixed income markets.

A valuations snapshot

Given this year’s price gyrations in the equity markets, we take stock of how valuations have changed over the course of 2018.

Catch up on our older issues of In Focus Monthly: