Investment Market Update
Asian shares dropped on Friday, adding to global stock market losses after President Donald Trump vowed to impose stiff steel and aluminum tariffs, sparking fears of a trade war.
US stocks were down after Donald Trump said the US would begin imposing heavy tariffs on imports of steel and aluminium, pushing the market lower.
UK stocks closed lower Thursday, after advertising giant WPP reported its worst results since the financial crisis and a gauge of British factory activity fell to its weakest in eight months.
- National Grid's first "gas deficit warning" for eight years has been withdrawn. The power operator issued the warning on Thursday, saying it might not have enough gas to meet demand due to the current cold snap gripping the UK. The warning was a call to the market to boost supplies. National Grid said it did not anticipate having to issue a fresh warning on Friday, but would do if supplies dropped off again.
- The main trading partners of the US have reacted angrily after President Donald Trump announced plans to impose tariffs on steel and aluminium imports. Canada and the EU said they would bring forward their own countermeasures to the steep new tariffs. Mexico, China and Brazil have also said they are weighing up retaliatory steps.
|FTSE All Share||3,953.28||-0.7%||-6.4%||9.0%|
|FTSE Small Cap||5,738.40||0.6%||-2.9%||14.9%|
|St. James's Place||1,129.00||-2.2%||-7.9%||20.9%|
|Euro Stoxx 600||374.86||-1.3%||-3.7%||7.7%|
|Dow Jones Ind||24,608.98||-1.7%||-0.4%||25.1%|
|MSCI AC Asia Pacific||175.76||-0.9%||1.1%||28.7%|
|MSCI World (Developed)||2,089.98||-1.3%||-0.6%||20.1%|
|MSCI AC World (Dev & Em)||511.90||-1.2%||-0.2%||21.6%|
|MSCI Emerging Markets||1,192.25||-0.2%||2.9%||34.2%|
|MSCI AC World Value||219.87||-1.1%||-1.9%||15.2%|
|MSCI AC World Growth||280.64||-1.3%||1.4%||28.3%|
|FTSE Gilts All Stocks||3,537.55||0.3%||-1.4%||3.0%|
|FTSE Index Linked All Stocks||634.23||0.3%||-2.1%||2.3%|
|ML Sterling Corporate Bonds||394.29||0.2%||-1.6%||5.7%|
|ML Global High Yield Bonds||377.02||-0.2%||-0.1%||9.7%|
|Brent Crude Oil||63.83||-1.4%||-3.4%||14.5%|
|Consumer Goods and Services||19,556.58||-0.8%||-12.5%||13.6%|
|Oil & Gas||8,301.27||-0.4%||-8.4%||6.0%|
|$ per £||1.38||0.4%||2.0%||9.5%|
|€ per £||1.13||0.4%||0.3%||-4.0%|
|¥ per £||147.14||0.3%||-3.3%||5.3%|
|VIX Index (Volatility)||22.47||13.2%||103.5%||-21.4%|
|Baltic Dry Index||1,196.00||0.3%||-12.4%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.58%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.07|
|FTSE All Share Adj P/E||13.42|
|FTSE All Share Yld||4.10%|
|15yr Gilt Yield||1.73%|
|10yr Gilt Yield||1.47%|
|10yr US Tres Yield||2.81%|
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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