US election: What does Trump's victory mean for markets?

At a glance:

• Donald Trump’s policy promises, such as increased tariffs, could raise inflation in the US, while the longer-term impact on China may be more nuanced.

• We expect to see short-term market volatility, both up and down, but we do not act on speculation. We remain anchored to our long-term investment views.

• Avoiding a knee-jerk or emotional response after such a divisive election is essential.

St. James’s Place Week Watch 30th September 2024

In this week’s WeekWatch, the SJP Team tackles the Stock Take, Wealth Check and In the Picture. In particular, the SJP team focuses on the Chinese, US, EU, and UK economic updates and more. We’ve taken the time to put together the takeaways from the update.

Stock Take

China

• Since it was opened up and reformed in the late 1970s, China’s economy has grown at an average rate of 9% annually.

• China risks missing its annual growth target of around 5%. Therefore, markets reacted enthusiastically to the People’s Bank of China unveiling a major package of aggressive measures designed to stimulate the economy.

  • Plans to cut the amount of cash banks must hold in reserve are estimated to free up around one trillion yuan ($142 billion) for new lending.

  • Efforts to boost the property market by cutting borrowing costs for existing mortgages and lowering the minimum down payments on all homes to 15%.

  • Global stocks rose to a record high on Tuesday, while major US indices also hit closing highs as investors cheered the news.

Thank you, David Gardner and St James’s Place Asia and Middle East, for sharing your valuable market insights with our community in the SJP 9th September Weekwatch.

This week, SJP will delve into the intricacies of the global financial markets, including Nvidia’s recent annual results, September's historic poor performance, the upcoming election and its effect on the markets, and interest rates, UK and Europe Markets and share practical tips to enhance your wealth management strategies and a perspective on interpreting the media reports and narratives. This week’s blog covers the following points;

Stock Take

• Has the ‘The Magnificent Seven,’ dream run finished?

• Nvidia's recent annual results highlight its challenges with the S&P 500 and NASDAQ.

• Peter McLoughlin, Head of Research at Rowan Dartington, notes that September is typically a tough month for tech.

• The Russell 2000 (Trump Trade) shows strong growth.

So, who is the BIGGEST financial planning firm in the UK? David Gardner takes some time to share some fast facts with us about St. James’s Place.

Australia Repatriation Checklist by Senior Financial Adviser, Partner St. James’s Place Asia and Middle East, David Gardner.

The key to a successful and financially efficient repatriation is the planning process. We recommend that the repatriation planning process take place well before you return to Australia.

Here is a checklist to ensure your move back to Australia goes as smoothly as possible.