Investment Market Update
Asian stocks started the week with modest gains following strong US economic data and positive comments out of Washington on the trade talks. Trading is more subdued as much of the region heads into Lunar New Year holidays.
US stocks had a small gain on Friday as the jobs reading and manufacturing PMI data overshadowed a disappointing sales forecast from Amazon. The dollar nudged higher as US Treasury yields held gains made in the wake of the employment data.
UK stocks climbed on Friday as signs the US and China could soon settle their trade dispute offset disappointing data from China.
- The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists' forecasts of 165,000. However, December's jobs growth figure was revised to 222,000, down from an initial estimate of 312,000. Last month saw jobs being added in leisure and hospitality, construction, health care, transportation and warehousing, according to the US Department of Labor.
- Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year as fierce competition forced it to cut fares. The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn. But the airline said "excess winter capacity in Europe" cut its profit. The company said Chairman David Bonderman will leave in the summer of 2020.
|FTSE All Share||3,851.90||0.7%||4.8%||-13.0%|
|FTSE Small Cap||5,388.11||0.3%||4.1%||-12.4%|
|St. James's Place||947.60||1.0%||0.4%||-23.0%|
|Euro Stoxx 600||359.71||0.3%||6.5%||-13.2%|
|Dow Jones Ind||25,063.89||0.3%||7.4%||-5.6%|
|MSCI AC Asia Pacific||156.25||-0.3%||6.5%||-15.6%|
|MSCI World (Developed)||2,029.55||0.1%||7.7%||-10.4%|
|MSCI AC World (Dev & Em)||491.43||0.0%||7.9%||-11.2%|
|MSCI Emerging Markets||1,050.20||0.0%||8.7%||-16.6%|
|MSCI AC World Value||208.56||0.1%||7.3%||-13.2%|
|MSCI AC World Growth||272.41||0.0%||8.4%||-9.2%|
|FTSE Gilts All Stocks||3,641.70||-0.2%||0.9%||0.8%|
|FTSE Index Linked All Stocks||647.68||0.3%||0.8%||-1.2%|
|ML Sterling Corporate Bonds||399.66||-0.1%||2.0%||-2.4%|
|ML Global High Yield Bonds||380.17||0.1%||4.2%||-3.7%|
|Brent Crude Oil||62.75||3.1%||16.2%||-14.9%|
|Consumer Goods and Services||18,383.69||0.9%||5.4%||-21.0%|
|Oil & Gas||8,778.50||0.6%||3.7%||-7.4%|
|$ per £||1.31||0.3%||2.9%||-6.2%|
|€ per £||1.15||0.4%||3.0%||-1.3%|
|¥ per £||142.79||-0.3%||2.1%||-19.7%|
|VIX Index (Volatility)||16.14||-2.6%||-36.5%||160.2%|
|Baltic Dry Index||645.00||-3.4%||-49.3%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.91%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.49|
|FTSE All Share Adj P/E||11.74|
|FTSE All Share Yld||4.65%|
|15yr Gilt Yield||1.45%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.68%|
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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