{"id":2339,"date":"2021-01-20T14:08:10","date_gmt":"2021-01-20T14:08:10","guid":{"rendered":"http:\/\/www.wealthatwork.co.uk\/jpm\/2021\/01\/20\/market-update-20th-january-2021\/"},"modified":"2021-01-20T14:08:10","modified_gmt":"2021-01-20T14:08:10","slug":"market-update-20th-january-2021","status":"publish","type":"post","link":"https:\/\/www2.wealthatwork.co.uk\/jpm\/2021\/01\/20\/market-update-20th-january-2021\/","title":{"rendered":"Market Update &#8211; 20th January 2021."},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_raw_html]JTNDaWZyYW1lJTIwd2lkdGglM0QlMjI1NjAlMjIlMjBoZWlnaHQlM0QlMjIzMTUlMjIlMjBzcmMlM0QlMjJodHRwcyUzQSUyRiUyRnd3dy55b3V0dWJlLmNvbSUyRmVtYmVkJTJGamd5U3RhdnpodkElM0ZyZWwlM0QwJTIyJTIwZnJhbWVib3JkZXIlM0QlMjIwJTIyJTIwYWxsb3clM0QlMjJhY2NlbGVyb21ldGVyJTNCJTIwYXV0b3BsYXklM0IlMjBjbGlwYm9hcmQtd3JpdGUlM0IlMjBlbmNyeXB0ZWQtbWVkaWElM0IlMjBneXJvc2NvcGUlM0IlMjBwaWN0dXJlLWluLXBpY3R1cmUlMjIlMjBhbGxvd2Z1bGxzY3JlZW4lM0UlM0MlMkZpZnJhbWUlM0U=[\/vc_raw_html][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]We have had a lacklustre start to the week thanks to the US markets being closed on Monday (18 January 2021) for Martin Luther King Jr. Day, coupled with Joe Biden\u2019s inauguration as President today \u2013 although an inauguration isn\u2019t normally a market moving event, given the potential for protests across America, it is getting a lot more attention than usual.<\/p>\n<p>With the exception of yesterday\u2019s Chinese GDP and industrial production data and this morning\u2019s UK CPI inflation, economic data releases have been scant as this week\u2019s most important releases are towards the back end of the week.<\/p>\n<p>This week\u2019s economic data from China clearly demonstrates how quickly economies can recover from the coronavirus.\u00a0 Not only did the country\u2019s GDP climb 6.5% during the final quarter of 2020 (which is similar to its pre-coronavirus growth levels), but its economy actually ended the year 2.3% larger than it started, while industrial production gained 7.3%.\u00a0 A classic V-shaped recovery!<\/p>\n<p>In the UK, CPI inflation rose to 0.6% in December from 0.3% in November.\u00a0 Although this appears to be a sharp rise, inflation certainly isn\u2019t running away and remains well below the BoE\u2019s 2% target.\u00a0 Additionally, much of the increase came from clothing (where prices weren\u2019t discounted as much as they were compared with December 2019) and higher transport costs thanks to higher petrol pump prices.<\/p>\n<p><strong>Investment Management Team<\/strong>[\/vc_column_text][\/vc_column][\/vc_row]\n  <\/div> ","protected":false},"excerpt":{"rendered":"<p>We have had a lacklustre start to the week thanks to the US markets being closed on Monday (18 January 2021) for Martin Luther King Jr. Day, coupled with Joe Biden\u2019s inauguration as President today \u2013 although an inauguration isn\u2019t normally a market moving event, given the potential for protests across America, it is getting a lot more attention than usual.<\/p>\n","protected":false},"author":1,"featured_media":2340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/2339"}],"collection":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/comments?post=2339"}],"version-history":[{"count":0,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/2339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media\/2340"}],"wp:attachment":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media?parent=2339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/categories?post=2339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/tags?post=2339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}