INVESTING SHOW: Will the election result boost or sink the stock market?
Investors in the UK were deeply pessimistic at the start of 2019, but it has turned out to be a decent year for returns… so far.
The UK stock market, as measured by the FTSE All-Share index, is up almost 9 per cent on the start of the year.
But while traditionally at this time of the year people would be talking about the prospects of a Santa Rally, this December it’s different as there is a general election taking place in the middle of the month.
What could that mean for the UK stock market? Will a big Conservative majority see the Footsie bounce, while a surprise Labour government would see it sink?
And is that perceived wisdom just anti-Labour bias?
Could a Labour victory and all the extra spending the party promises actually turn out to be good for the economy, put money in people’s pockets and boost ultimately boost the stock market?
On this episode of the Investing Show, Simon Lambert, of This is Money, and Richard Hunter, of Interactive Investor, discuss the UK election prospects for investors.
The FTSE All-Share index is up almost 9% since the start of 2019
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