Investment Market Update
Asian stocks were mixed after Apple downgraded its sales projections, citing slowing Chinese growth.
US stocks rose, extending a recent stretch of volatility as anxiety about global growth and interest rates spread across markets.
UK stocks recovered early losses to end the year’s first trading day on a positive note, helped by investor appetite for stocks deemed less risky and also by a comeback for oil majors despite weak data from China.
- Apple has released news that its sales have been slowing, blaming economic weakness in China. In a surprise disclosure, the iPhone maker said it anticipated revenue of about $84bn for the three months to 29 December. In November it forecast sales of at least $89bn - a prediction that had already disappointed investors.
- UK firms are being squeezed by labour shortages, rising prices and a slowdown in sales. More companies than ever before are finding it hard to recruit staff according to the British Chambers of Commerce.
|FTSE All Share||3,681.37||0.2%||0.2%||-13.0%|
|FTSE Small Cap||5,210.49||0.6%||0.6%||-12.4%|
|St. James's Place||955.00||1.2%||1.2%||-23.0%|
|Euro Stoxx 600||337.21||-0.1%||-0.1%||-13.2%|
|Dow Jones Ind||23,346.24||0.1%||0.1%||-5.6%|
|MSCI AC Asia Pacific||145.22||-1.0%||-1.0%||-15.6%|
|MSCI World (Developed)||1,881.15||-0.1%||-0.1%||-10.4%|
|MSCI AC World (Dev & Em)||454.51||-0.3%||-0.3%||-11.2%|
|MSCI Emerging Markets||955.67||-1.1%||-1.0%||-16.6%|
|MSCI AC World Value||193.92||-0.3%||-0.2%||-13.2%|
|MSCI AC World Growth||250.59||-0.3%||-0.3%||-9.2%|
|FTSE Gilts All Stocks||3,626.37||0.5%||0.5%||0.8%|
|FTSE Index Linked All Stocks||646.27||0.6%||0.6%||-1.2%|
|ML Sterling Corporate Bonds||393.41||0.4%||0.4%||-2.4%|
|ML Global High Yield Bonds||364.53||-0.1%||-0.1%||-3.7%|
|Brent Crude Oil||54.91||2.1%||2.1%||-14.9%|
|Consumer Goods and Services||17,408.75||-0.2%||-0.2%||-21.0%|
|Oil & Gas||8,602.05||1.6%||1.6%||-7.4%|
|$ per £||1.27||1.3%||0.0%||-6.2%|
|€ per £||1.11||0.2%||0.0%||-1.3%|
|¥ per £||139.94||1.6%||0.1%||-19.7%|
|VIX Index (Volatility)||23.22||-8.7%||-8.7%||160.2%|
|Baltic Dry Index||1,282.00||0.9%||0.9%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.91%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.22|
|FTSE All Share Adj P/E||11.39|
|FTSE All Share Yld||4.95%|
|15yr Gilt Yield||1.44%|
|10yr Gilt Yield||1.21%|
|10yr US Tres Yield||2.62%|
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.