Investment Market Update
Stocks in Asia on Friday took their cues from Wall Street, where all three main US equity indices set record closing highs. In Australia, a rally in the materials sector - up 1.1% - saw major miners Rio Tinto and BHP Billiton climb 1.5% and 1.7% respectively.
US stocks closed at record highs again on Thursday, amid signs that Congress is closer to a deal on a budget and tax cuts. Financial and technology firms - among those expected to enjoy the greatest benefit from tax cuts - led the gains.
UK stocks rose as sterling fell due to concerns about the Conservative Party leadership following Mrs May's speech on Wednesday. Theme park operator Merlin Entertainments led the index with its shares finishing 3.4% higher amid reports it is considering a deal with SeaWorld.
- German factory orders rebounded in August in a sign that Europe’s largest economy is set to sustain its robust pace of growth. Orders, adjusted for seasonal swings and inflation, rose 3.6% in August after a revised decline of 0.4% in July.
Ryanair chief executive Michael O'Leary has written to the airline's pilots to offer them better pay and conditions. The improved conditions came after the airline was forced to cancel thousands of flights in recent weeks.
|FTSE All Share||4,118.56||0.5%||6.3%||12.5%|
|FTSE Small Cap||5,796.22||0.4%||12.7%||11.0%|
|St. James's Place||1,129.00||0.4%||15.1%||3.9%|
|Euro Stoxx 600||391.03||0.2%||8.2%||-1.2%|
|Dow Jones Ind||22,775.39||0.5%||15.2%||13.4%|
|MSCI AC Asia Pacific||162.78||0.0%||20.5%||2.3%|
|MSCI World (Developed)||2,016.15||0.3%||15.1%||5.3%|
|MSCI AC World (Dev & Em)||491.33||0.2%||16.5%||5.6%|
|MSCI Emerging Markets||1,102.76||0.1%||27.9%||8.6%|
|MSCI AC World Value||216.54||0.2%||11.4%||9.5%|
|MSCI AC World Growth||262.75||0.2%||21.9%||1.8%|
|FTSE Gilts All Stocks||3,504.39||-0.3%||-0.6%||8.5%|
|FTSE Index Linked All Stocks||628.88||-0.3%||-1.2%||21.2%|
|ML Sterling Corporate Bonds||392.48||-0.1%||3.0%||10.7%|
|ML Global High Yield Bonds||374.49||0.0%||9.3%||15.0%|
|Brent Crude Oil||57.00||2.2%||-2.9%||23.4%|
|Consumer Goods and Services||21,795.29||0.2%||10.7%||9.6%|
|Oil & Gas||8,470.97||1.0%||-0.9%||54.2%|
|$ per £||1.33||1.1%||7.6%||-16.3%|
|€ per £||1.13||0.6%||-3.8%||-15.7%|
|¥ per £||149.74||1.1%||3.6%||-22.7%|
|VIX Index (Volatility)||9.19||-4.6%||-34.5%||-22.9%|
|Baltic Dry Index||1,382.00||4.7%||43.8%||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||22.31|
|FTSE All Share Adj P/E||21.56|
|FTSE All Share Yld||3.77%|
|15yr Gilt Yield||1.71%|
|10yr Gilt Yield||1.39%|
|10yr US Tres Yield||2.35%|
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.