US election, Brexit and China to sway the markets in 2020

Investors expect a strong year but the presidential race and trade wars could spring nasty surprises

After profiting from strong markets in 2019, investors are expecting 2020 to bring further rising asset prices and lively merger activity. But Brexit, the US presidential election and the US trade war with China could all spring nasty surprises over the next 12 months and give the long-running bull market a jolt.