Investment Market Update
Asian stocks traded mixed Tuesday with markets seemingly in a holding pattern after a muted US session ahead of midterm elections.
US stocks rose Monday as financial and health care companies finished higher, while Apple and other technology companies continued to fall. Real estate companies, utilities, and other high-dividend stocks finished with solid gains as high-growth stocks like tech and internet companies slipped.
UK stocks were higher after the close on Monday, as gains in the Industrial Metals & Mining, Tobacco and Pharmaceuticals & Biotech sectors led shares higher.
- Finance Ministers across the EU are meeting in Brussels to push forward a legislative proposal for a 3 percent levy on the European sales of companies with a global annual revenue of 750 million euros or more, such as Facebook Inc., Alphabet Inc. and Amazon.com Inc.The tech industry has pushed back against the tax, saying it would "chill" investment.
- Uber Technologies Inc. said it will triple headcount working on food delivery across Europe, the Middle East and Africa in its fight for market share against local rivals including Deliveroo and Just Eat Plc. The restaurant delivery arm of the world’s largest ride-hailing company, called Uber Eats, represents more than 10 percent of gross bookings across the business.
|FTSE All Share||3,900.25||-0.1%||-7.6%||9.0%|
|FTSE Small Cap||5,519.19||0.0%||-6.6%||14.9%|
|St. James's Place||1,015.00||-2.3%||-17.2%||20.9%|
|Euro Stoxx 600||363.50||-0.2%||-6.6%||7.7%|
|Dow Jones Ind||25,461.70||0.8%||3.0%||25.1%|
|MSCI AC Asia Pacific||151.69||-1.3%||-12.7%||28.7%|
|MSCI World (Developed)||2,040.68||0.2%||-3.0%||20.1%|
|MSCI AC World (Dev & Em)||490.58||0.1%||-4.4%||21.6%|
|MSCI Emerging Markets||992.38||-0.4%||-14.3%||34.2%|
|MSCI AC World Value||209.56||0.6%||-6.5%||15.2%|
|MSCI AC World Growth||270.16||-0.3%||-2.4%||28.3%|
|FTSE Gilts All Stocks||3,557.42||-0.1%||-0.9%||3.0%|
|FTSE Index Linked All Stocks||641.25||0.0%||-1.0%||2.3%|
|ML Sterling Corporate Bonds||393.66||0.0%||-1.8%||5.7%|
|ML Global High Yield Bonds||374.30||0.1%||-0.8%||9.7%|
|Brent Crude Oil||73.17||0.5%||15.6%||14.5%|
|Consumer Goods and Services||19,181.14||0.6%||-14.2%||13.6%|
|Oil & Gas||9,084.63||1.4%||0.3%||6.0%|
|$ per £||1.30||-0.4%||-4.0%||9.5%|
|€ per £||1.14||-0.3%||1.1%||-4.0%|
|¥ per £||146.82||-0.3%||-3.6%||5.3%|
|VIX Index (Volatility)||19.96||2.3%||80.8%||-21.4%|
|Baltic Dry Index||1,428.00||-2.0%||4.5%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.83%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.72|
|FTSE All Share Adj P/E||10.81|
|FTSE All Share Yld||4.39%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.50%|
|10yr US Tres Yield||3.20%|
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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