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Views on China in investment

Fidelity International share their views on China in investment club podcast

Thursday 11 February, 2021

This episodes investment market overview:

Vishal Gulrajani, Financial Adviser and Mortgage Specialist in Cheshunt and Goff’s Oak said: ‘In our regular investment club podcast this week, Sherry Qin from Fidelity International, based in Shanghai shares her views on the Chinese economy and identifies investable themes as China prepares itself to bring in the Year of the Ox.’

 

 

Investment Club Podcast Archive

Summary of global stock market performance

Global stock markets rose following steep declines in the previous week, led by Covid-19 trends, vaccine optimism and positive sentiment. Last week, Democrats pursued their stimulus package in the US, the UK sped up their vaccination rollout and China tightened travel restrictions ahead of New Year celebrations.

Global stock markets rose during the week 

On the heels of their worst weekly decline since October, stocks rallied when trading began last Monday and most global indices ended the week positively, led by Covid-19 trends, vaccine optimism and positive sentiment. 

US: Biden’s $1.9 trillion stimulus 

The previous week’s “short squeeze” in some US companies largely abated despite some buyers turning their attention to Silver. On the political front, the Democrats moved ahead with Biden’s stimulus package through a ‘budget reconciliation’ process. 

Vaccination rates: UK continues to speed up roll-out 

The UK continues to speed up its vaccination program and over 12 million people have now received at least one dose of a Covid-19 vaccination. Europe’s vaccination pace remained slow, but daily infections started to fall in some countries. 

China: Tightening of travel restrictions ahead of Lunar New Year 

Following clusters of coronavirus outbreaks in northern China, major cities have tightened travel restrictions ahead of this week’s Lunar New Year holiday. It is normally the busiest travel season for the year bringing with it significant economic impact. 

Vishal Gulrajani, Financial Adviser and Mortgage Specialist in Cheshunt and Goff’s Oak continued:

‘We hope that you find our weekly podcast useful. Remember if you need personalised financial advice please contact our Thomas Oliver financial consultants on 01707 872000. We review your financial planning to ensure it is tax efficient. As we approach the new tax year on April 6th 2021check that you have made use of your £20,000 ISA allowance (£40,000 for a couple) and used your pension allowance. To find out more and benefit from a pension and investment consultation please contact our experienced Thomas Oliver financial advisers.’

The Week Ahead

  • In the UK, Q4 2020 GDP numbers and other economic data to be released 
  • In the US, focus turns to inflation numbers, stimulus package and vaccine rollout 
  • In China, celebrations begin to mark the year of the Ox, with many restrictions in place 

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