Search
  • faloncounsell

Client Update - Coronavirus - 27th March 2020

Updated: Sep 17

It has been quite a change in just a week. The dithering of Central Banks and governments appears near an end and we now have a road map for the next few months. Businesses and workers will be supported, as will financial markets, by a stimulus of gigantic proportions.


As almost 20% of the world’s population is now in lockdown, it is interesting to see that for the fourth day in a row the European epicentre of the disease, Italy, has recorded cases lower than their peak level of 21st March. Amongst the major nations reporting cases the same appears true for Switzerland, Austria, Germany and Australia.


Fiscal packages of varying magnitude are being urgently discussed/implemented around the globe. The whole world is vowing to emulate the truthful words from the former President of the ECB in his momentous speech in 2012 with regard to the Euro crisis. “We are ready to do whatever it takes …. and believe me, it will be enough”. He was proved right.


Despite this pause for breath and market rise, the actual virus has started taking hold here in the UK and the next few weeks promise to be difficult. We have all now fully settled into remote working practices and next week we will be rolling out new e-signature software to our clients. Difficult times inspire us all to rise to the occasion. This was no more evident than last night at 8pm when millions of people around the country joined in the applause for our carers and healthcare services. Together as a nation, we will get through this.

1 view

Recent Posts

See All

Client Update - 25th September 2020

The prospect of a second lockdown saw the FTSE plunge to a three-month low this week, as the overall fear of a resurgent virus impacted the market. Although I am sure most of our clients will by now b

Client Update - 18th September 2020

It has been a busy week of central bank meetings with most of the headlines made by the US Federal Reserve (Fed). As expected, the Fed kept rates on hold and signalled that the rate would remain near

Client Update - 11th September 2020

A slightly longer note today as there is something interesting going on in the, year to date, dominant US technology market. Before I address that, it is probably worth mentioning the new COVID guidel

4 The Maltings

Teign Road

Newton Abbot

Devon

TQ12 4AA

Tel: 01626 358500

  • White Facebook Icon

© 2019 JIM-Media.co.uk

 Darnells Wealth Management Ltd

Financial Management Consultants, Registered in England No. 06092835

Registered Office: St Denys House, 22 East Hill, St. Austell, Cornwall PL25 4TR

Authorised and Regulated by the Financial Conduct Authority