July 2020 Market Commentary

Looking back to the start of last month, June began optimistically as the Space X astronauts reached the International Space Station and ended on an even more upbeat note as Boris Johnson launched a ‘new deal’ for Britain and declared: “This is the moment to be ambitious.” All the major stock markets we cover in the commentary seemed to be feeling ambitious – all but one of them made gains during the month. These gains came despite the month containing plenty of potentially worrying news. As we have described below, the Chinese government passed the new Hong Kong security law Read More