Global stock markets post best year since financial crisis Stock markets The stock market articles 2019 Guardian
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Global stock markets post best year since financial crisis Stock markets The stock market articles 2019 Guardian
The FTSE 100 index is now less than 5% away from its record high, 7,903 points, set in May 2018. John Moore, senior investment manager at wealth management firm Brewin Dolphin, believes it could set fresh records in 2020. Retailer JD Sports was the best-performing FTSE 100 stock of the year, gaining 140%, followed by IT firm Aveva which rose by 90%. The London market also benefited from a post-election bounce . The FTSE 100 rallied by 370 points, or 5%, in the two weeks after the Conservative victory. This added nearly £100bn on to the index, as traders flocked to buy shares in UK firms including banks and housebuilders. But long-term Greek investors have still suffered badly. Back in 2007, when the credit crunch struck, the ATG was trading at over 5,200 points – more than five times its value today. It was still at 2,000 points when the first bailout request landed in 2010. Global stock markets have posted their best year since the aftermath of the financial crisis a decade ago, as investors shrugged off trade tensions and warnings of slowing growth in major economies. Eurozone stocks also outperformed, with Germany’s Dax and France’s CAC both up 25%. Japan’s Nikkei gained 18%, helped by the prospect of new stimulus by Shinzo Abe’s government . It then rallied, spiking at $1.35 after Johnson’s election success, but ends 2019 at $1.31 as investors anticipate tough negotiations with the EU over a free trade deal. The price of gold jumped to $1,525 per ounce, up nearly a fifth during the year. That’s its biggest annual rise in nearly a decade, as some nervous investors looked for a safe haven for their capital. Palladium hit a series of record highs, as demand for the precious metal in automobile exhaust systems exceeded supply . China’s CSI 300 stock index romped ahead by 36% during 2019, as Beijing cut borrowing costs and hiked spending on construction and infrastructure projects. “2019’s record-setting year for the S&P 500, and even that of Australia’s ASX200, has been underwritten by increasingly accommodative monetary policy from the US Federal Reserve,” Rodda said. Search jobs Sign in Search News Opinion Sport Culture Lifestyle Show More Show More News World news UK news Coronavirus Climate crisis Environment Science Global development Football Tech Business Obituaries Opinion The Guardian view Columnists Cartoons Opinion videos Letters Sport Football Cricket Rugby union Tennis Cycling F1 Golf US sports Culture Books Music TV & radio Art & design Film Games Classical Stage Lifestyle Fashion Food Recipes Love & sex Health & fitness Home & garden Women Men Family Travel Money Make a contribution Subscribe Search jobs Holidays Digital Archive Guardian Puzzles app The Guardian app Video Podcasts Pictures Newsletters Today's paper Inside the Guardian The Observer Guardian Weekly Crosswords Search jobs Holidays Digital Archive Guardian Puzzles app Business Economics Banking Money Markets Project Syndicate B2B Retail Stock markets This article is more than 1 year old Global stock markets post best year since financial crisis This article is more than 1 year old FTSE 100 records best performance since the referendum year, jumping 12% Britain’s blue-chip stock index – the FTSE 100 – jumped by 12%, its best performance in three years, thanks to a late influx of funds following December’s general election. The index ended the year at 7,542 points, up from 6,728 a year ago. stock market articles 2019 The recovery will be welcomed by investors who suffered from a 12.5% slump in 2018 . During the eurozone crisis, the idea of Greece’s stock exchange outpacing the rest of Europe would have been an outlandish prospect. But as 2019 drew to a close, the Athens bourse was – by some distance – the best-performing European exchange. Global markets have recovered from a late wobble in autumn 2018, when fears of a global downturn hit stocks. Stocks rallied once it became clear that the US central bank was backing away from further interest rate rises. Indeed, the Fed abruptly reversed course with three rate cuts, and also began expanding its balance sheet again. Sterling strengthened over the year, although it was a choppy ride. The pound started 2019 at $1.275 against the US dollar, falling below $1.20 by early September as the City feared a disorderly Brexit. The Athens General Index of Greece’s 60 biggest firms gained nearly 50% to 916 points during the last 12 months. Investors returned to Greek stocks after the country’s bailout ended in August 2018, after a grim eight years of deep spending cuts and tax rises. They also welcomed its pro-market rightwing government which took power in July, succeeding the leftwing administration of Syriza and prime minister Alexis Tsipras . Stock markets surged despite warnings from the International Monetary Fund in 2019 that the global economy was in its weakest state since the financial crisis a decade ago . The IMF downgraded its forecasts for 2019 and 2020 in October, citing central banks’ limited ammunition to tackle a slowdown and the impact of the US-China trade war. However, Donald Trump announced on Tuesday that a phase one peace deal in the dispute between the word’s two largest economies would be signed this month. Global stock markets post best year since financial crisis Stock markets The stock market articles 2019 Guardian
Global stock markets post best year since financial crisis Stock markets The stock market articles 2019 Guardian
2019 has been a buoyant year for the world’s stock markets. Photograph: Mark Lennihan/AP 2019 has been a buoyant year for the world’s stock markets. Photograph: Mark Lennihan/AP Graeme Wearden Tue 31 Dec 2019 16.28 GMT Last modified on Fri 3 Jan 2020 12.42 GMT Kyle Rodda, analyst at IG, a City spreadbetting firm, said 2019’s big takeaway for investors around the world was “don’t fight the Fed”. “The ingredients are there for the FTSE 100 to hit a new high. In comparative terms, UK companies look undervalued and the reasons for not owning UK assets are starting to dissipate. That could precipitate a return to UK equities for investors who previously sold them off,” Moore said.
The MSCI World Index, which tracks stocks across the developed world, jumped by almost 24% during 2019 – the strongest performance since 2009. A surge in US technology giants and a strong recovery in eurozone and Asian stocks drove the rally. London fared relatively badly compared to other markets in 2019, however. The S&P 500 index of top US companies has surged by 28% this year, hitting a series of record highs, as Donald Trump’s tax cuts, share buybacks and optimism about US growth prospects boosted markets in the world’s largest economy. stock market articles today