Investment Market Update
Asian stocks traded mixed Thursday following a retreat in US shares, with European futures pointing towards a mildly weaker start, on signs the global rally in equities is stalling. Indian investors assessed an interest-rate cut by the central bank that most hadn’t foreseen.
US stocks closed lower as investors weighed corporate earnings against persistent concerns over trade and another government shutdown. The dollar extended its rally to a fifth day.
UK stocks closed relatively flat. The main faller was online retailer Ocado, down 6.3% after a fire at a distribution centre raised questions over its growth plans for this year. Housebuilder Barratt Developments closed 2.8% higher as investors cheered its latest profit figures.
- A decision is due on budget cuts that could prevent Ramsgate reopening as a ferry port to ease pressure on other routes in the case of a no-deal Brexit. The government handed Seaborne Freight a £13.8m contract to run a service to Ostend, in Belgium, under contingency plans to alleviate any delays at Dover. But the local council is considering cuts to port spending that would make roll-on, roll-off services impossible.
- UK jobs are attracting less interest from other European workers, figures released by some of the world's largest job search engines suggest. Data analysed for BBC News by jobs site Indeed show the number of searches for UK jobs from other European countries has fallen since 2015. The construction and healthcare industries have been the hardest hit.
|FTSE All Share||3,928.37||0.0%||6.9%||-13.0%|
|FTSE Small Cap||5,405.05||-0.3%||4.4%||-12.4%|
|St. James's Place||964.20||0.9%||2.1%||-23.0%|
|Euro Stoxx 600||365.52||0.1%||8.3%||-13.2%|
|Dow Jones Ind||25,390.30||-0.1%||8.8%||-5.6%|
|MSCI AC Asia Pacific||156.96||-0.1%||7.0%||-15.6%|
|MSCI World (Developed)||2,047.11||-0.2%||8.7%||-10.4%|
|MSCI AC World (Dev & Em)||495.08||-0.2%||8.7%||-11.2%|
|MSCI Emerging Markets||1,048.46||-0.3%||8.6%||-16.6%|
|MSCI AC World Value||209.40||-0.1%||7.7%||-13.2%|
|MSCI AC World Growth||275.36||-0.4%||9.6%||-9.2%|
|FTSE Gilts All Stocks||3,652.89||0.1%||1.2%||0.8%|
|FTSE Index Linked All Stocks||653.45||0.5%||1.7%||-1.2%|
|ML Sterling Corporate Bonds||400.88||0.1%||2.3%||-2.4%|
|ML Global High Yield Bonds||381.66||0.1%||4.6%||-3.7%|
|Brent Crude Oil||62.69||1.1%||16.0%||-14.9%|
|Consumer Goods and Services||18,522.18||-1.2%||6.2%||-21.0%|
|Oil & Gas||9,175.82||0.4%||8.4%||-7.4%|
|$ per £||1.29||0.0%||1.6%||-6.2%|
|€ per £||1.13||-0.3%||1.9%||-1.3%|
|¥ per £||142.30||0.1%||1.8%||-19.7%|
|VIX Index (Volatility)||15.38||-1.2%||-39.5%||160.2%|
|Baltic Dry Index||629.00||0.0%||-50.5%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.92%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.56|
|FTSE All Share Adj P/E||11.81|
|FTSE All Share Yld||4.56%|
|15yr Gilt Yield||1.42%|
|10yr Gilt Yield||1.22%|
|10yr US Tres Yield||2.69%|
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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