Investment Market Update
Asian stocks slipped on Tuesday amid escalating trade tensions and concerns about tech firms, although regional index declines were modest compared with those of their Wall Street counterparts as investors focused on global growth prospects.
US stocks finished down on the first day of the quarter as deepening declines for technology companies and rising trade tension between the US and China unnerved investors.
UK markets were closed on Monday for the long Easter holiday weekend.
- Conviviality, the owner of Bargain Booze, has announced plans to file for administration within two weeks. The firm also owns Wine Rack and supplies more than 25,000 restaurants, hotels and bars. Earlier this month it shocked investors with a profit warning and news of an unpaid £30m tax bill. It attempted to raise £125m to rescue the business, but this week said that effort had failed.
- For the first time since records began, UK households are more likely to be borrowers than savers, according to official figures. Households became net borrowers last year for the first time since data began to be collected by the Office for National Statistics (ONS) in 1987. Figures also show that savings levels are at their lowest level since 1963. The trend illustrates the effect of budget pressures on families and low interest rates.
|FTSE All Share||3,894.17||0.0%||-7.8%||9.0%|
|FTSE Small Cap||5,593.09||0.0%||-5.4%||14.9%|
|St. James's Place||1,086.50||0.0%||-11.4%||20.9%|
|Euro Stoxx 600||370.87||0.0%||-4.7%||7.7%|
|Dow Jones Ind||23,644.19||-1.9%||-4.3%||25.1%|
|MSCI AC Asia Pacific||172.50||-0.2%||-0.8%||28.7%|
|MSCI World (Developed)||2,038.54||-1.4%||-3.1%||20.1%|
|MSCI AC World (Dev & Em)||499.65||-1.2%||-2.6%||21.6%|
|MSCI Emerging Markets||1,169.43||-0.1%||0.9%||34.2%|
|MSCI AC World Value||214.29||-1.2%||-4.3%||15.2%|
|MSCI AC World Growth||274.31||-1.3%||-0.9%||28.3%|
|FTSE Gilts All Stocks||3,598.29||0.0%||0.3%||3.0%|
|FTSE Index Linked All Stocks||647.58||0.0%||0.0%||2.3%|
|ML Sterling Corporate Bonds||395.34||0.0%||-1.4%||5.7%|
|ML Global High Yield Bonds||376.48||0.0%||-0.2%||9.7%|
|Brent Crude Oil||67.64||-2.5%||2.8%||14.5%|
|Consumer Goods and Services||19,531.08||0.0%||-12.7%||13.6%|
|Oil & Gas||8,231.31||0.0%||-9.1%||6.0%|
|$ per £||1.40||-0.1%||3.7%||9.5%|
|€ per £||1.14||-0.3%||1.0%||-4.0%|
|¥ per £||148.95||0.1%||-2.2%||5.3%|
|VIX Index (Volatility)||23.62||18.3%||113.9%||-21.4%|
|Baltic Dry Index||1,055.00||0.0%||-22.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.60|
|FTSE All Share Adj P/E||12.96|
|FTSE All Share Yld||4.17%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.35%|
|10yr US Tres Yield||2.73%|
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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