The Liv-ex December Market Report has been published exclusively for members on our Silver tier package or higher. The following is an extract.
Liv-ex members on our Silver tier package or higher can access the full report here. To upgrade your package click here or speak to your Account Manager.
Equities rebound but fine wine dips in November
Global equities rebounded in November, with the S&P 500 rising 6.3% and the FTSE 100 up 7.3%. This comes as inflation showed signs of slowing and central banks are forecast to slow the pace of interest rates. The bullish sentiment might continue into December, which has historically been one of the best months for US stocks. However, market volatility remains high due to monetary policy tightening and China’s on-going (though less severe) zero-covid policy.
While equities rose, fine wine prices slipped last month. The Liv-ex Fine Wine 100 index fell for the second consecutive month, down 0.4%. The strengthening of Sterling brought the index’s rally to a halt. First Growth prices were also affected, with the Liv-ex Fine Wine 50 index falling 1.1%.
The broadest measure of the market, the Liv-ex 1000 index, declined 0.6%. Only one of its sub-indices rose in November: the Italy 100 was up 0.6%. The best-performing Italian wines were the Tuscans Soldera Case Basse Sangiovese 2009 and Masseto 2013.
Meanwhile, the Champagne 50 was the worst performer, down 2.5%. The biggest fallers were two of the most in-demand Champagnes this year – Salon Le Mesnil-sur-Oger Grand Cru 2012 (-12.0%) and Louis Roederer Cristal 2008 (-10.0%).
The full report contains additional Liv-ex research and analysis:
- November proves best month for Tuscan trade
- Top performers from Tuscany
- Jane Anson’s vertical tasting of Château Clerc Milon
- Secondary market sentiment for Burgundy following auctions
- Finding quality and stability in the Rhône
Liv-ex members on our Silver tier package or higher can access the full report here.
To upgrade your package click here or speak to your Account Manager.
