“Can you hear the people sing? Singing the songs of angry men?” These are the opening lines of the musical Les Miserables, and today in the UK the people and angry men have sang, and given a clear direction as to where the people want the Government to take the country over the next few years.
As I write UK markets are rallying strongly, with the FTSE250 Index up over 4% and the FTSE100 Index up over 1% on opening.
The biggest recipients of the rally are all those companies that were on Labours nationalisation list, such as the Banks and Utilities.
The rally however may be short lived as we enter negotiations with the EU and others over a potential trade deal, but with the additional news this morning that a US-China trade deal looks ever closer it may be a Merry Christmas after all.
A very Merry Christmas and a properous new year to all of our clients