Investment Market Update
Asian stock markets were broadly higher on Thursday, led by a rebound in Singapore’s banking and real-estate stocks, though Japan’s benchmark index struggled for direction.
US stocks were mixed on Wednesday, with Boeing leading the Dow Jones higher, while other indexes such as the S&P 500 and tech based Nasdaq languished.
UK Stocks were marginally down overall on Wednesday while the parent company of British Gas, Centrica, suffered a 6% fall in its share price following Theresa May’s announcement to place a cap on energy bills.
- The European Union has launched a fresh crackdown over taxes paid by tech giants Amazon and Apple. Amazon has been ordered to repay €250m (£221m; $293m) in back taxes after the European Commission said it had been given an unfair tax deal in Luxembourg. The Commission also plans to take Ireland to court over its failure to collect €13bn of back taxes from Apple.
Ford to move away from traditional cars as Ford's new boss has outlined plans which he says will make the US car giant fit to compete in a changing industry. Jim Hackett said Ford would shift resources from traditional cars to SUVs and trucks, while investing in electric power and tech services.
|FTSE All Share||4,098.30||0.0%||5.8%||12.5%|
|FTSE Small Cap||5,774.91||0.2%||12.3%||11.0%|
|St. James's Place||1,125.00||-0.5%||14.7%||3.9%|
|Euro Stoxx 600||390.40||-0.1%||8.0%||-1.2%|
|Dow Jones Ind||22,661.64||0.1%||14.7%||13.4%|
|MSCI AC Asia Pacific||162.85||0.2%||20.6%||2.3%|
|MSCI World (Developed)||2,010.95||0.1%||14.8%||5.3%|
|MSCI AC World (Dev & Em)||490.16||0.1%||16.2%||5.6%|
|MSCI Emerging Markets||1,101.84||0.4%||27.8%||8.6%|
|MSCI AC World Value||216.02||0.0%||11.1%||9.5%|
|MSCI AC World Growth||262.14||0.2%||21.6%||1.8%|
|FTSE Gilts All Stocks||3,514.63||-0.2%||-0.3%||8.5%|
|FTSE Index Linked All Stocks||630.55||0.2%||-1.0%||21.2%|
|ML Sterling Corporate Bonds||393.03||-0.1%||3.1%||10.7%|
|ML Global High Yield Bonds||374.64||0.1%||9.4%||15.0%|
|Brent Crude Oil||55.80||-0.4%||-5.0%||23.4%|
|Consumer Goods and Services||21,743.54||0.3%||10.5%||9.6%|
|Oil & Gas||8,384.67||-0.5%||-1.9%||54.2%|
|$ per £||1.32||-0.2%||7.4%||-16.3%|
|€ per £||1.13||-0.1%||-3.9%||-15.7%|
|¥ per £||149.48||-0.2%||3.4%||-22.7%|
|VIX Index (Volatility)||9.63||1.3%||-31.4%||-22.9%|
|Baltic Dry Index||1,320.00||0.9%||37.4%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.19|
|FTSE All Share Adj P/E||21.46|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.69%|
|10yr Gilt Yield||1.38%|
|10yr US Tres Yield||2.32%|
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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