Investment Market Update
Asian stocks traded mixed following an overnight slip on Wall Street as investors kept a close eye on developments on the US-China trade front.
US stocks edged lower as investors struggled to find inspiration after a torrid start to the year. The dollar rallied for a fifth day.
Concerns over the UK's economic growth following some subdued service sector data caused the pound to decline on Tuesday, in turn allowing the FTSE 100 to trump its European counterparts.
- MPs have been promised a vote on any changes to workers' rights after Brexit as Theresa May seeks Labour support to pass her deal on leaving the EU.
- The number of people starting a training programme has fallen "substantially" under the government's new apprenticeship scheme, according to the National Audit Office (NAO). The public spending watchdog said the government was "very unlikely" to hit a 2020 target of 3 million new starts.
|FTSE All Share||3,946.87||0.6%||7.4%||-13.0%|
|FTSE Small Cap||5,482.24||0.3%||5.9%||-12.4%|
|St. James's Place||1,010.00||0.5%||7.0%||-23.0%|
|Euro Stoxx 600||375.64||0.1%||11.3%||-13.2%|
|Dow Jones Ind||25,806.63||-0.1%||10.6%||-5.6%|
|MSCI AC Asia Pacific||159.51||-0.2%||8.7%||-15.6%|
|MSCI World (Developed)||2,087.50||-0.1%||10.8%||-10.4%|
|MSCI AC World (Dev & Em)||504.07||-0.1%||10.6%||-11.2%|
|MSCI Emerging Markets||1,055.12||0.1%||9.3%||-16.6%|
|MSCI AC World Value||212.08||-0.2%||9.1%||-13.2%|
|MSCI AC World Growth||281.83||0.0%||12.2%||-9.2%|
|FTSE Gilts All Stocks||3,631.36||0.0%||0.6%||0.8%|
|FTSE Index Linked All Stocks||649.30||0.0%||1.1%||-1.2%|
|ML Sterling Corporate Bonds||402.19||0.0%||2.7%||-2.4%|
|ML Global High Yield Bonds||385.45||0.0%||5.7%||-3.7%|
|Brent Crude Oil||65.86||0.3%||21.3%||-14.9%|
|Consumer Goods and Services||18,961.37||1.0%||8.7%||-21.0%|
|Oil & Gas||8,871.15||0.7%||4.8%||-7.4%|
|$ per £||1.32||0.2%||3.4%||-6.2%|
|€ per £||1.16||-0.1%||4.5%||-1.3%|
|¥ per £||147.27||0.0%||5.3%||-8.3%|
|VIX Index (Volatility)||14.74||0.8%||-42.0%||160.2%|
|Baltic Dry Index||663.00||-0.9%||-47.8%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.85%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||14.71|
|FTSE All Share Adj P/E||14.73|
|FTSE All Share Yld||4.51%|
|15yr Gilt Yield||1.58%|
|10yr Gilt Yield||1.29%|
|10yr US Tres Yield||2.72%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.