Investment Market Update
Asian stocks were mixed as investors assessed statements from China’s National People’s Congress and Federal Reserve Chair Janet Yellen.
US stocks closed flat as investors digested a speech by US Federal Reserve chair Janet Yellen. Ms Yellen signalled that the Fed was likely to raise rates in March, a move which markets have increasingly been expecting.
UK stocks closed slightly lower on Friday. Advertising giant WPP was the biggest faller on the FTSE 100 on Friday after it gave a cautious outlook for the year ahead.
- The French company that owns Peugeot and Citroen has struck a £1.9bn deal to buy General Motors' European unit, including Vauxhall. With GM's Opel and Vauxhall operations, PSA would become Europe's second largest carmaker, behind Volkswagen but overtaking Renault-Nissan.
- Deutsche Bank plans to raise about £6.9bn by issuing new shares. The share sale by the German bank is part of a wider shake-up. The bank will partially float its asset management business and retain Postbank, the retail banking business it had been expected to sell.
|FTSE All Share||4,007.47||-0.1%||3.5%||12.5%|
|FTSE Small Cap||5,356.76||0.0%||4.2%||11.0%|
|St. James's Place||1,080.00||-0.2%||6.5%||3.9%|
|Euro Stoxx 600||375.23||-0.1%||3.8%||-1.2%|
|Dow Jones Ind||21,005.71||0.0%||6.3%||13.4%|
|MSCI AC Asia Pacific||143.80||-0.8%||6.5%||2.3%|
|MSCI World (Developed)||1,848.98||0.0%||5.6%||5.3%|
|MSCI AC World (Dev & Em)||446.45||-0.1%||5.8%||5.6%|
|MSCI Emerging Markets||931.07||-0.6%||8.0%||8.6%|
|MSCI AC World Value||202.94||0.0%||4.4%||9.5%|
|MSCI AC World Growth||231.48||-0.1%||7.4%||1.8%|
|FTSE Gilts All Stocks||3,547.34||0.0%||0.6%||8.5%|
|FTSE Index Linked All Stocks||632.74||-0.7%||-0.6%||21.2%|
|ML Sterling Corporate Bonds||386.69||0.1%||1.4%||10.7%|
|ML Global High Yield Bonds||352.70||0.0%||3.0%||15.0%|
|Brent Crude Oil||55.90||1.5%||-3.7%||23.4%|
|Consumer Goods and Services||21,571.81||-0.6%||9.6%||9.6%|
|Oil & Gas||8,013.80||0.2%||-6.3%||54.2%|
|$ per £||1.24||0.9%||0.5%||-16.3%|
|€ per £||1.18||2.0%||0.6%||-15.7%|
|¥ per £||139.20||-0.7%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||1.0%||-15.0%||-22.9%|
|Baltic Dry Index||939.00||3.9%||-2.3%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.35%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.12|
|FTSE All Share Adj P/E||25.05|
|FTSE All Share Yld||3.85%|
|15yr Gilt Yield||1.55%|
|10yr Gilt Yield||1.19%|
|10yr US Tres Yield||2.48%|
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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