Investment Market Update
Stocks in Asia closed higher on Wednesday, with markets in Japan and South Korea leading gains in the region. Investors also digested the extended gains in oil prices and the release of China's Caixin manufacturing Purchasing Managers' Index, which met expectations.
US stocks ended higher, with the Nasdaq at a new record following strong US economic data. US consumer confidence hit a 17 year high in October, while sales of single-family homes rose in September to their highest level in a decade. Meanwhile chip maker Qualcomm, which is embroiled in a row with Apple, fell 6.7%.
UK stocks rose overall on Tuesday with bookmakers holding onto gains despite the government announcement to carry out a review into fixed odd betting terminals. William Hill shares rose 2.4% and Ladbrokes added 1.7%. Meanwhile shares in Ryanair ended 6.4% higher after the airline said it expected record annual profits this year.
- The eurozone's economy grew by 0.6% in the three months to September, above analysts' expectations, according to EU statistics office Eurostat. For the past 12 months, the growth rate was 2.5%, Eurostat said. Last month, the European Central Bank (ECB) raised its 2017 growth forecast for the 19 nation eurozone to 2.2%, the fastest in 10 years.
Facebook, Twitter and Google lawyers defended themselves to US lawmakers probing whether Russia used social media to influence the 2016 election.The three firms faced hard questions at a Senate panel on crime and terrorism about why they missed political ads bought with Russian money. Lawmakers are eyeing new regulations for social media firms in the wake of Russia's alleged meddling in 2016.
|FTSE All Share||4,117.69||0.1%||6.3%||12.5%|
|FTSE Small Cap||5,833.79||0.0%||13.4%||11.0%|
|St. James's Place||1,177.00||0.3%||20.0%||3.9%|
|Euro Stoxx 600||395.22||0.3%||9.4%||-1.2%|
|Dow Jones Ind||23,377.24||0.1%||18.3%||13.4%|
|MSCI AC Asia Pacific||168.02||-0.1%||24.4%||2.3%|
|MSCI World (Developed)||2,036.80||0.1%||16.3%||5.3%|
|MSCI AC World (Dev & Em)||496.63||0.1%||17.7%||5.6%|
|MSCI Emerging Markets||1,119.08||0.3%||29.8%||8.6%|
|MSCI AC World Value||217.22||0.0%||11.8%||9.5%|
|MSCI AC World Growth||267.52||0.3%||24.1%||1.8%|
|FTSE Gilts All Stocks||3,529.67||0.0%||0.1%||8.5%|
|FTSE Index Linked All Stocks||632.14||0.7%||-0.7%||21.2%|
|ML Sterling Corporate Bonds||394.84||0.1%||3.6%||10.7%|
|ML Global High Yield Bonds||375.74||0.1%||9.7%||15.0%|
|Brent Crude Oil||60.94||0.6%||3.9%||23.4%|
|Consumer Goods and Services||21,988.89||-0.5%||11.7%||9.6%|
|Oil & Gas||8,735.11||1.1%||2.2%||54.2%|
|$ per £||1.32||-0.6%||6.9%||-16.3%|
|€ per £||1.13||-0.5%||-3.3%||-15.7%|
|¥ per £||149.28||-1.1%||3.3%||-22.7%|
|VIX Index (Volatility)||10.18||-3.0%||-27.5%||-22.9%|
|Baltic Dry Index||1,534.00||-0.8%||59.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.43%|
|Consumer Price Index||3.00%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.80|
|FTSE All Share Adj P/E||20.36|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.66%|
|10yr Gilt Yield||1.33%|
|10yr US Tres Yield||2.38%|
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.
Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.