Investment Market Update
Asian stocks were down Wednesday, following an overnight plunge on Wall Street as investors worried about a potential economic slowdown and the state of the US-China trade war.
US stocks were down on Tuesday with the indices falling by more than 3 per cent, amid worries over inverted yield curve signalling a possible economic slowdown. The US leading builder reported its first fall in quarterly orders in more than four years, hit by rising interest rates and higher home prices.
UK stocks were down on Tuesday, due to doubts surrounding the US-China trade truce and a rising pound which dragged on its exporter-heavy constituents.
- Takeda Pharmaceutical has secured shareholder approval for a £46bn ($59bn) takeover of UK-listed drugmaker Shire, clearing the way for Japan's largest ever corporate acquisition. The takeover would make Takeda one of the world's top 10 drugmakers.
- Thomas Cook's shares continued to fall on Tuesday and have now plunged by nearly 60% in eight days. The travel company's bonds also dropped in value and the cost of insuring its debt against defaulting on payments reached a record high. Concerns over its borrowings rose last week when it issued a second profit warning in two months and said profits would be £30m lower than expected.
|FTSE All Share||3,837.07||-0.7%||-9.1%||9.0%|
|FTSE Small Cap||5,372.13||-0.7%||-9.1%||14.9%|
|St. James's Place||1,028.00||-0.7%||-16.2%||20.9%|
|Euro Stoxx 600||358.43||-0.8%||-7.9%||7.7%|
|Dow Jones Ind||25,027.07||-3.1%||1.2%||25.1%|
|MSCI AC Asia Pacific||155.19||-0.9%||-10.7%||28.7%|
|MSCI World (Developed)||2,016.89||-2.4%||-4.1%||20.1%|
|MSCI AC World (Dev & Em)||486.73||-2.2%||-5.1%||21.6%|
|MSCI Emerging Markets||1,014.25||-0.3%||-12.4%||34.2%|
|MSCI AC World Value||207.88||-1.9%||-7.2%||15.2%|
|MSCI AC World Growth||268.08||-2.4%||-3.1%||28.3%|
|FTSE Gilts All Stocks||3,580.23||0.8%||-0.2%||3.0%|
|FTSE Index Linked All Stocks||648.79||2.0%||0.2%||2.3%|
|ML Sterling Corporate Bonds||388.88||0.2%||-3.0%||5.7%|
|ML Global High Yield Bonds||370.10||-0.1%||-1.9%||9.7%|
|Brent Crude Oil||62.08||0.6%||-1.4%||14.5%|
|Consumer Goods and Services||18,291.81||-0.2%||-18.2%||13.6%|
|Oil & Gas||8,977.98||0.3%||-0.9%||6.0%|
|$ per £||1.27||0.2%||-5.7%||9.5%|
|€ per £||1.12||0.1%||-0.3%||-4.0%|
|¥ per £||144.77||1.0%||-4.9%||5.3%|
|VIX Index (Volatility)||20.74||26.2%||87.9%||-21.4%|
|Baltic Dry Index||1,237.00||2.8%||-9.4%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.67|
|FTSE All Share Adj P/E||11.62|
|FTSE All Share Yld||4.52%|
|15yr Gilt Yield||1.51%|
|10yr Gilt Yield||1.28%|
|10yr US Tres Yield||2.91%|
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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