It is now 2 months since the coronavirus caused panic throughout investment markets sending stocks tumbling by as much as 35% across the world.
The NHS and the Government are coming under increasing pressure, but markets are beginning to imagine a world post the virus. The slowing infection rate in France and Italy and the rapid stimulus by the world's policy and lawmakers has created some optimism and delivered a bounce in global equities and corporate bonds.
Following the statements tonight from the Prime Minister and First Minister, none of our offices will be staffed, with immediate effect.
Since the UK budget earlier in March the pace of change has been incredibly fast, not just the frightening spread of the pandemic, with governments and central banks implementing massive fiscal and monetary measures to boost future economic conditions. This help is designed to ensure the negative impact on economic conditions of the pandemic over the next few months can be recovered as business and their workers are able to speedily return to economic activity.
It has been a tumultuous few weeks as global markets have reacted to the spread of the corona virus.
The UK has now had Brexit for virtually 4 years, and, 3 and a half years after the Referendum it is still not clear what our relationship with Europe will be or when businesses will know how to adapt to a new environment. However, it appears that whatever the outcome of the election on 12 December, Brexit is likely to continue as one of the major talking points in the UK for years to come.
As we have said in previous commentaries, the period of strongly rising assets, powered by Central Bank Quantitative Easing, has generally passed but it appears the change to more normal conditions will be much more gradual than anticipated a few months ago, reducing the concerns in the gilt and bond markets and supporting economic growth in most leading economies.
Jeffrey Deans says that although its unique back-office reporting system is central to the service it provides, Save & Invest is still a face-to-face business at its core.
Any client of Save & Invest Financial Planning would rightly expect the firm to know a thing or two about managing their money. After all, the clue is in the name.
We are pleased to report our client dashboard is now fully functional once again.
Thank you for your patience while we suffered technical issues that were outwith our control.
Meeting the people who manage our clients' money is very important to Save and Invest, and in the last few weeks we have been visited by Schroders, M&G, JP Morgan, Investec and Jupiter Merlin.
Bond and Stock markets worldwide are reappraising why they have risen so much in recent years.