Our holistic approach, combined with an insightful understanding of the worlds of finance, law, taxation, investment and insurance, ensures all your bases are covered.
2024 was a year filled with change: from tech stock optimism in January to a UK recession in February, from the Swiss National Bank's rate cut in March to decreased UK inflation and increased US inflation in April. May brought a snap election in the UK and Putin's fifth term as Russian President, while June saw Macron call a snap election in France following a surge in support for the far-right.
January: Tech stocks rallied due to hopes that the US economy was absorbing higher interest rates; the Noto earthquake hit Japan.
February: The UK entered a recession; Russian dissident Alexei Navalny died in prison.
March: The Swiss National Bank became the first to cut interest rates.
April: UK inflation fell, boosting investor confidence, while US inflation rose unexpectedly, causing concern.
May: UK Prime Minister Rishi Sunak called a snap general election; Vladimir Putin began his fifth term as Russian President.
June: French President Emmanuel Macron called a snap election due to a surge in far-right support.
July: A global IT outage originating from Microsoft caused widespread disruption; Joe Biden withdrew from the US Presidential race; the Labour Party won the UK general election.
August: Kamala Harris became the Democratic presidential nominee; Ukraine launched an offensive against Russia.
September: The US Federal Reserve cut interest rates for the first time since 2020; Beijing announced record stimulus measures.
October: The new UK Labour government's first budget included £40 billion in tax increases.
November: Donald Trump's re-election as US President boosted share prices.
December: China’s economy continued to struggle; South Korea briefly enacted martial law.
Source: Omnis Investments
Issued by Omnis Investments Limited. This update reflects Omnis and our investment management firms’ views at the time of writing and is subject to change. The document is for informational purposes only and is not investment advice. We recommend you discuss any investment decisions with your financial adviser. Omnis is unable to provide investment advice. Every effort is made to ensure the accuracy of the information but no assurance or warranties are given. Past performance should not be considered as a guide to future performance.
The Omnis Managed Investments ICVC and the Omnis Portfolio Investments ICVC are authorised Investment Companies with Variable Capital. The authorised corporate director of the Omnis Managed Investments ICVC and the Omnis Portfolio Investments ICVC is Omnis Investments Limited (Registered Address: Auckland House, Lydiard Fields, Swindon SN5 8UB) which is authorised and regulated by the Financial Conduct Authority.
Essential Wealth Management
1-2 Great Farm Barns
West Woodhay
Newbury
Berkshire RG20 0BP
Tel: 01488 669840
Fax: 01488 669216
Email: [email protected]
Essential Wealth Management is a trading name of Essential Wealth Management and Advice Ltd which is an appointed representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority. Essential Wealth Management and Advice Ltd is entered on the FCA register (www.FCA.org.uk) under no. 518528. Registered office: 1-2 Great Farm Barns, West Woodhay,Newbury, Berkshire RG20 0BP. Registered in England and Wales Number: 04020006.
The Financial Ombudsman Service is available to mediate individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit: http://www.financial-ombudsman.org.uk/contact/index.html
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK.
