Investment Market Update
Asian stocks traded mixed Wednesday as the yuan recovered from its recent decline, which had unsettled investors amid trade tensions and prompted verbal intervention from Chinese officials.
US stocks reversed an early climb and ended lower Tuesday, as weakness in technology and financial shares weighed on benchmarks.
UK stocks closed in positive territory as investors came back to equities after being fearful over trade wars.
- Sainsbury's like-for-like sales growth continued to slow in the first quarter after the supermarket group reported a 0.2% rise. The increase for the three months to June compares to 0.9% in the fourth quarter and 1.1% in the three months before. Chief executive Mike Coupe said that "the market remains competitive".
- The US has said it will allow the Chinese tech giant ZTE to temporarily re-start some business activities as it considers lifting a seven-year ban imposed on the firm earlier this year. In April, the US found ZTE had violated trade bans with Iran and North Korea.
|FTSE All Share||4,177.84||0.5%||-1.0%||9.0%|
|FTSE Small Cap||5,885.49||0.3%||-0.4%||14.9%|
|St. James's Place||1,151.00||1.6%||-6.1%||20.9%|
|Euro Stoxx 600||379.81||0.8%||-2.4%||7.7%|
|Dow Jones Ind||24,174.82||-0.5%||-2.2%||25.1%|
|MSCI AC Asia Pacific||163.76||-0.2%||-5.8%||28.7%|
|MSCI World (Developed)||2,082.05||0.0%||-1.0%||20.1%|
|MSCI AC World (Dev & Em)||503.00||0.0%||-2.0%||21.6%|
|MSCI Emerging Markets||1,057.70||-0.2%||-8.7%||34.2%|
|MSCI AC World Value||211.30||0.2%||-5.7%||15.2%|
|MSCI AC World Growth||281.54||-0.2%||1.7%||28.3%|
|FTSE Gilts All Stocks||3,616.87||0.2%||0.8%||3.0%|
|FTSE Index Linked All Stocks||644.01||0.2%||-0.6%||2.3%|
|ML Sterling Corporate Bonds||394.45||0.1%||-1.6%||5.7%|
|ML Global High Yield Bonds||371.29||0.2%||-1.6%||9.7%|
|Brent Crude Oil||77.76||0.6%||20.1%||14.5%|
|Consumer Goods and Services||20,371.10||1.1%||-8.9%||13.6%|
|Oil & Gas||9,772.61||0.8%||7.9%||6.0%|
|$ per £||1.31||-0.3%||-2.9%||9.5%|
|€ per £||1.13||0.1%||0.5%||-4.0%|
|¥ per £||145.47||-0.1%||-4.4%||5.3%|
|VIX Index (Volatility)||16.14||3.5%||46.2%||-21.4%|
|Baltic Dry Index||1,476.00||3.8%||8.1%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.68%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.03|
|FTSE All Share Adj P/E||12.97|
|FTSE All Share Yld||4.02%|
|15yr Gilt Yield||1.53%|
|10yr Gilt Yield||1.24%|
|10yr US Tres Yield||2.83%|
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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