Investment Market Update
Stocks in Asia rose at the start of a busy week that includes a meeting between Xi Jinping and Donald Trump and culminates in the monthly US jobs report.
US stocks fell on the quarter’s last day, as banks resumed their decline amid falling Treasury yields. The loss wasn’t enough to weaken a quarter that is poised to be the best for the S&P 500 Index since 2015.
UK stocks declined, with companies with business interests in South Africa hit after the country's finance minister was sacked. The removal of Pravin Gordhan after days of speculation sent South Africa's currency, the rand, lower.
- Lloyds Bank has announced plans to shrink hundreds of its branches in size, in some cases boarding up the old counter sections. The new "micro branches" will be staffed by just two people, who will help customers to use machines, including pay-in devices.
- In a record quarter, Tesla delivered just over 25,000 cars in the first three months of the year. The electric car maker said that was a 70% rise on the same period of 2016.
|FTSE All Share||3,990.00||-0.5%||3.0%||12.5%|
|FTSE Small Cap||5,430.46||0.5%||5.6%||11.0%|
|St. James's Place||1,062.00||0.0%||4.7%||3.9%|
|Euro Stoxx 600||381.14||0.2%||5.5%||-1.2%|
|Dow Jones Ind||20,663.22||-0.3%||4.6%||13.4%|
|MSCI AC Asia Pacific||146.92||-0.8%||8.8%||2.3%|
|MSCI World (Developed)||1,853.69||-0.3%||5.9%||5.3%|
|MSCI AC World (Dev & Em)||448.87||-0.4%||6.4%||5.6%|
|MSCI Emerging Markets||958.37||-1.1%||11.1%||8.6%|
|MSCI AC World Value||202.57||-0.5%||4.2%||9.5%|
|MSCI AC World Growth||234.46||-0.4%||8.7%||1.8%|
|FTSE Gilts All Stocks||3,581.87||0.0%||1.6%||8.5%|
|FTSE Index Linked All Stocks||648.01||0.8%||1.8%||21.2%|
|ML Sterling Corporate Bonds||388.73||0.0%||2.0%||10.7%|
|ML Global High Yield Bonds||353.03||0.0%||3.1%||15.0%|
|Brent Crude Oil||53.53||0.8%||-8.4%||23.4%|
|Consumer Goods and Services||21,957.91||-0.5%||11.6%||9.6%|
|Oil & Gas||7,849.85||-1.3%||-8.2%||54.2%|
|$ per £||1.24||-1.2%||0.5%||-16.3%|
|€ per £||1.15||-2.6%||-2.2%||-15.7%|
|¥ per £||137.86||-1.4%||-4.6%||-22.7%|
|VIX Index (Volatility)||12.37||7.2%||-11.9%||-22.9%|
|Baltic Dry Index||1,297.00||-2.0%||35.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.71|
|FTSE All Share Adj P/E||24.76|
|FTSE All Share Yld||3.87%|
|15yr Gilt Yield||1.49%|
|10yr Gilt Yield||1.14%|
|10yr US Tres Yield||2.39%|
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.