Investment Market Update
Asian stocks edged higher as the latest reading on China’s economy beat expectations, offering some reassurance to investors concerned about the global growth outlook.
US stocks closed out February with their best two-month start to a year in roughly three decades, despite ending the month with three sessions of slight declines.
UK stocks ended mixed on Thursday on a busy day on the UK corporate earnings front, with Mondi, Rolls-Royce and RSA Insurance weighing on the FTSE 100.
- US economic growth slowed to an annualised rate of 2.6% in the final three months of 2018, figures show. However, the reading was ahead of expectations for a rate of between 1.8% and 2%. The pace of growth was below the 3.4% rate seen in the third quarter thanks to a slowdown in consumer spending. The growth figures had originally been due to be released in January, but were delayed because of the 35-day US government shutdown.
- The government is facing a court challenge over the contracts it awarded to three shipping firms as part of its no-deal Brexit preparations. Eurotunnel, which operates railway services between the UK and France, says the contracts were handed out in a "secretive" way. The firm says it was not given the chance to compete and wants the contracts quashed.
|FTSE All Share||3,888.81||-0.4%||5.8%||-13.0%|
|FTSE Small Cap||5,422.78||-0.3%||4.7%||-12.4%|
|St. James's Place||972.40||3.3%||3.0%||-23.0%|
|Euro Stoxx 600||372.80||0.1%||10.4%||-13.2%|
|Dow Jones Ind||25,916.00||-0.3%||11.1%||-5.6%|
|MSCI AC Asia Pacific||158.69||-0.9%||8.2%||-15.6%|
|MSCI World (Developed)||2,085.85||-0.3%||10.7%||-10.4%|
|MSCI AC World (Dev & Em)||503.48||-0.4%||10.5%||-11.2%|
|MSCI Emerging Markets||1,050.95||-1.0%||8.8%||-16.6%|
|MSCI AC World Value||212.45||-0.4%||9.3%||-13.2%|
|MSCI AC World Growth||280.70||-0.4%||11.7%||-9.2%|
|FTSE Gilts All Stocks||3,615.79||0.0%||0.2%||0.8%|
|FTSE Index Linked All Stocks||640.25||0.3%||-0.3%||-1.2%|
|ML Sterling Corporate Bonds||400.42||0.0%||2.2%||-2.4%|
|ML Global High Yield Bonds||385.76||0.1%||5.7%||-3.7%|
|Brent Crude Oil||66.31||-0.4%||22.1%||-14.9%|
|Consumer Goods and Services||18,427.96||-0.5%||5.6%||-21.0%|
|Oil & Gas||8,791.89||-0.5%||3.9%||-7.4%|
|$ per £||1.33||0.3%||4.4%||-6.2%|
|€ per £||1.17||0.4%||5.1%||-1.3%|
|¥ per £||147.58||-0.1%||5.6%||-8.3%|
|VIX Index (Volatility)||14.78||0.5%||-41.9%||160.2%|
|Baltic Dry Index||658.00||1.1%||-48.2%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.85%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||14.42|
|FTSE All Share Adj P/E||14.48|
|FTSE All Share Yld||4.57%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.30%|
|10yr US Tres Yield||2.71%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.