Independent Financial Life Planners Bishop's Stortford: MARKETS: (Data compiled by The Outsourced Marketing Department)

Tuesday, 8 December 2015

MARKETS: (Data compiled by The Outsourced Marketing Department)

Despite tragic terrorist activity in Paris, resulting in the death of 130 innocent civilians, and the shooting down of a Russian bomber across the Syrian/Turkish border, the equity markets, surprisingly, maintained their composure.

Despite incurring large losses in mid-November, the FTSE100 rallied to close at 6,356.1, down just 0.08% on the month and up 1.7% on the quarter. The wider FTSE250 fared even better gaining 1.77% in November to finish at 17,420.7, whilst the junior AIM market matched the FTSE100 performance to lose 0.08% at 737.3.

In the USA the Dow Jones trod water, closing out November at 17,719.92 for a marginal gain of 0.32%, with the Nasdaq index rising 1.09% to end at 5,108.67.

As reported last month, the prospect of renewed fiscal stimulus from the European Central Bank, allowed the Eurostoxx50 to maintain its positive momentum, as it gained just under 45 points to 3,488.99 for a 2.07% improvement on the month.
Likewise, the Japanese Nikkei225 index also remained in positive territory, finishing at 19,747.47 an improvement of 3.48%.

The foreign exchange markets saw the US Dollar powering ahead of the Euro currency, breaking parity to $0.94 for a 14.5% uplift, whilst the Euro also slipped against Sterling to €1.42 a fall of 1.43%. Given the bullish sentiment in the US Dollar, due to the anticipation that the US Fed will raise interest rates soon, Sterling slipped 1.43% to $1.51.

Gold lost its recent momentum falling $76 in the month to $1,065.8 an ounce and recording a 6.62% fall.

Oil, as measured by the Brent Crude benchmark, fell yet again - as a result of continuing oversupply - to $44.61 a barrel and compounding its year- to-date fall to 22.19%.

Issued by: Enable Independent Financial Life Planners  25c North Street, Bishops Stortford, Herts CM23 2LD  • Telephone: 01279 755950 - Fax: 01279 657339  Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.