Private Investor's Diary Portfolio 

Bursting with Rock 'n' Rose energy

Bursting with Rock 'n' Rose energy

The buoyant start to the year continued through February. The main driver seems to be growing confidence that there would be a successful conclusion to the US/China trade talks. That, in turn, led to greater optimism on the outlook for global economic growth in 2019 and beyond. This was reflected in February’s 16.3 per cent gain in the China A All-Share Index, which as I write is up 26.1 per cent this year. Commodities also reflected this optimism, with Brent Crude Oil up 8.4 per cent to $66.4 per barrel and copper +5.8 per cent, nickel +5.2 per cent and zinc +2.0 per cent. Equity markets performed well, with Continental European markets bouncing back; the CAC was up 5.0 per cent, the MIB +4.7 per cent and Dax +3.1 per cent. The US continued to power ahead, with the S&P 500 up 3.0 per cent and now only 5.0 per cent off October’s all-time high.

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