One of the reasons equities have remained so solid is due to the feeling that some sort of trade deal with China is secure – but tension will continue into next year and beyond
Though it has been an extraordinary year for politics, it’s a pity economics have been drowned out. For all the noise about political developments, it has been a modestly successful one for the global economy too. That has been reflected in share prices around the world, with US and European markets close to all-time highs. Even the FTSE 100 Index, battered by negative publicity about the UK, is decently up on the year.
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