Investment Market Update
Asian stocks were mixed after Hong Kong reopened from the Chinese New Year holiday, as investors await India’s federal budget announcement and the US Federal Reserve’s policy decision.
US stocks declined for a fourth straight session as Trump’s executive order halting some immigration stoked concern that potentially isolationist policies may overshadow a pro-growth agenda.
The FTSE 100 closed at its lowest level for the year, slipping below 7,100 points after sterling rose against the dollar. Despite the wider market fall, Ocado rose nearly 10% after the online grocer reported a rise in full-year profits, before paring those gains to finish 2% higher.
- Apple reported its highest ever quarterly revenue, as the iPhone 7 helped it return to a growth in sales in the final three months of 2016. In its first full quarter since the iPhone 7's release, Apple reported net sales of $78.4bn (£62.3bn), up 3% on the same period a year ago.
- A tax surcharge on purchases of buy-to-let and second homes generated nearly £1bn for the Treasury in the last six months of 2016, suggesting landlords largely shrugged off efforts to damp activity in the sector.
|FTSE All Share||3,858.26||-0.2%||-0.4%||12.5%|
|FTSE Small Cap||5,207.06||0.0%||1.2%||11.0%|
|St. James's Place||1,071.00||0.2%||5.6%||3.9%|
|Euro Stoxx 600||360.12||-0.7%||-0.4%||-1.2%|
|Dow Jones Ind||19,864.09||-0.5%||0.5%||13.4%|
|MSCI AC Asia Pacific||141.71||-0.4%||4.9%||2.3%|
|MSCI World (Developed)||1,792.40||0.0%||2.4%||5.3%|
|MSCI AC World (Dev & Em)||433.13||0.0%||2.7%||5.6%|
|MSCI Emerging Markets||909.23||-0.4%||5.4%||8.6%|
|MSCI AC World Value||197.47||-0.1%||1.6%||9.5%|
|MSCI AC World Growth||223.89||0.0%||3.8%||1.8%|
|FTSE Gilts All Stocks||3,463.24||0.3%||-1.7%||8.5%|
|FTSE Index Linked All Stocks||636.91||0.9%||0.0%||21.2%|
|ML Sterling Corporate Bonds||377.59||0.2%||-1.0%||10.7%|
|ML Global High Yield Bonds||348.86||0.2%||1.9%||15.0%|
|Brent Crude Oil||55.58||0.5%||-3.3%||23.4%|
|Consumer Goods and Services||20,176.15||-0.1%||2.5%||9.6%|
|Oil & Gas||8,085.96||-0.5%||-5.4%||54.2%|
|$ per £||1.26||-0.1%||1.7%||-16.3%|
|€ per £||1.16||-0.1%||-0.8%||-15.7%|
|¥ per £||142.20||0.1%||-1.6%||-22.7%|
|VIX Index (Volatility)||11.99||0.9%||-14.6%||-22.9%|
|Baltic Dry Index||800.00||-2.0%||-16.8%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.30|
|FTSE All Share Adj P/E||24.51|
|FTSE All Share Yld||3.91%|
|15yr Gilt Yield||1.79%|
|10yr Gilt Yield||1.42%|
|10yr US Tres Yield||2.45%|
Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.
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