In March this year, it was agreed with the Government that banks, building societies and other mortgage lenders should offer all existing mortgage customers the option of a three month mortgage payment holiday. This was subsequently extended to six months. If your finances have been affected by Coronavirus and you would like to request a mortgage holiday from your lender, you have until the 31 of October 2020 to apply. If you’ve already had a payment holiday of three […]
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Please download and read this Investment update from Colin Gellatly, the Deputy Chief Investment Officer at Omnis Investments Limited.
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Andrew & Richard
Andrew S. Turner MSc Cert CII FPFS Certs (MP & ER) and Richard Olive BA (Hons) APFS
Karrek Chartered Financial Planners
Office: 01637 853153
As we approach the latter stages of the third quarter, global markets continue to exhibit high levels of volatility in reaction to the Covid 19 pandemic.
With a resurgence of the virus widely expected, Governments and Central Banks are again poised to act with stimulus packages and further cuts to interest rates in a bid to provide more support to regional economies.
In this update, Deputy Chief Investment Officer Colin Gellatly, offers his thoughts as to why a second wave of […]
Global equity markets had a difficult week as markets reacted to tensions between the United States and China.
The situation between the United States and China has been brewing recently. Tensions have been on the rise in relation to Hong Kong as the Chinese government is tightening its control over the region. Last week, the US government closed a Chinese consulate in Houston, and as a response, the Chinese government ordered the US consulate in Chengdu to close.
Last week, most global equity markets had a positive week despite it being like a a rollercoaster at times with often a positive day followed by a negative one. This is because the week started strongly as results of a promising early trial for a vaccine against coronavirus boosted investors. Whilst US biotechnology company, Moderna’s, success is still at an early stage, it raised the probability that the virus can be vaccinated against.
However, the on-going US-China tensions […]
Market Update: Rally pauses as markets weigh up latest virus developments
LAST WEEKS – KEY Takeaways
Markets: Uncertainty weighs on shares
- Global shares fell at the start of the week after new coronavirus cases were reported in the Chinese city of Wuhan (where the virus originated) and the South Korean capital of Seoul;
- The markets also had to contend with rising tensions between the US and China, as President Trump continued to blame […]
We wanted to keep in touch with you to let you know about some of the products and services that we offer advice on at Karrek Chartered Financial Planners. We understand that times are very different at the moment but we can still help assist you with your financial goals and needs.
It is in times like these that the importance of sound financial advice is most apparent so here are some of the areas of […]
Last week was a tale of two halves for global equity markets. After a strong first part to the week which saw the FTSE 100 index break through the 6,000 barrier for the first time in eight weeks, most global equity markets fell back sharply on Thursday and Friday as a result of weak economic data, Royal Dutch Shell announcing their first cut in the dividend since World War Two and Donald Trump restarting the trade war rhetoric with […]
A fortnight ago we noted that, in spite of continuing lockdown measures and a raft of dire economic data, global stock markets had made a welcome – if partial – recovery from their late-March lows. Happily, this recovery has since continued almost uninterrupted. Having suffered a fall of historic scale and speed, the US stock market (as measured by the Russell 1000 index) ended April down ‘only’ 10% for the year to date. Remarkably, had […]
As you would expect when trying to manage through a global pandemic like coronavirus, there are a lot of positive and negative reports that create volatility in global equity markets and last week was no exception. After sharp falls were experienced earlier in the week following a report by the International Monetary Fund on the global economic impact, markets rallied at the end of the week on a report that a COVID-19 treatment showed promise and some […]