The financial advisers trading under Beacon Global Wealth Management are members of Nexus Global (IFA network). Nexus Global is a division of Blacktower Financial Management (International) Limited (BFMI). All approved members of Nexus Global are appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission (FSC) and bound by the rules under licence number 03647
Nexus Global EU is a division of Blacktower Financial Management (Cyprus) Limited (BFMCL) and Blacktower Insurance Agents & Advisors Ltd (BIAAL). Beacon Global Wealth Management is an Appointed Representative of BFMCL which is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC) – Licence No. 386/20. Beacon Global Wealth Management is an Appointed Representative of BIAAL which is licensed and regulated by the Insurance Companies Control Service (ICCS) – Licence No. 5101
General Market Commentary December 2018
November began with US mid-term election results coming in as expected, removing one cloud of uncertainty. However political anxiety elsewhere, notably in the UK and Italy, caused heightened volatility. Fragility was also evident in the commodity market with one of the worst months in history for the oil price.
Rate hike fears eased slightly with the Federal Reserve softening its policy view by suggesting that rates were already nearing neutral, while at the G20 Summit US President Donald Trump and Chinese leader Xi Jinping agreed that current US tariffs on $200 billion worth of Chinese imports of 10% will remain unchanged for 90 days while they continue talks. President Trump has predictably lauded the agreement but the details are typically sketchy and a proper game-changing deal will require major compromises on both sides.
The background conditions proved more favourable for Asian and Emerging Markets, with both regions delivering the best performance during the month. The UK market struggled while US stocks delivered a positive return, with a number of the technology stocks recovering after a poor October.
The information on this page is intended as an introduction only and is not designed to offer solutions or advice. Beacon Global Wealth Management can accept no responsibility whatsoever for losses incurred by acting on the information on this page.
The financial advisers trading under Beacon Wealth Management are members of Nexus Global (IFA Network). Nexus Global is a division within Blacktower Financial Management (International) Limited (BFMI). All approved individual members of Nexus Global are Appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission and bound by their rules under licence number FSC00805B.
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