In the wake of the general election, shares in major UK companies rallied strongly, especially those that faced nationalisation under Corbyn, including banks, house builders and utility firms. Since the election, the pound has managed to peak at $1.35, the highest we have seen this year, although still some way off the $1.48 we saw the day before the referendum result.
READ OUR TOP 5 STOCKS REPORT FOR Q1
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On a positive note for world stocks and the global economy, US President Trump and China’s Vice President Jinping are set to sign a phase one trade deal agreement in the first week of January. As trade tensions ease, the US indices have hit yet another record high. The S&P 500 gained 2.6% in December 2019 and 8.2% in Q4, propelling year-to-date gains to 28.6%. The index was 1% off its best annual performance since 1997.
2020 promises to be a game-changer. To take advantage of a year full of opportunity, eToro’s first report of 2020 identifies which stocks could provide value for investors in the UK.
READ OUR TOP 5 STOCKS REPORT FOR Q1
Your capital is at risk
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.