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Overall, looking ahead we think 2020 will be another year of positive returns for equity markets, but likely at a much more modest rate than 2019 – we are clearly late in the market cycle.

Global markets were mixed overnight, as investors awaited a fresh batch of corporate earnings and some key central bank meetings this week.

​The Australian market surged yesterday (ASX 200 index +1.63%) with the ASX recording its best session since the federal election in mid-May.

The path to least resistance seems to be up right now, with some of the immediate risks removed – such as the UK election and the US-China trade war ​escalation.​

Global markets​ were slightly higher on Friday as​ the US and China appear to have agreed on a trade truce​. 

Global markets retraced overnight on a lack of news flow as trading was quiet ahead of a crucial week of data, trade negotiations, elections and central bank meetings.

Global markets were higher overnight with the big news being the US central bank announcement that confirmed that interest rate cuts are done for now, and policymakers see rates steady through next year.

​​Global markets were higher overnight as Wall Street hit record levels ​a​fter President Donald Trump tweeted that the United States was “very close” to a trade deal with China and on a report that ​US ​trade negotiators had offered to cancel a fresh rou

​Global markets were slightly lower overnight, as investors await a number of key events this week.