Investment Market Update
Asian stocks edged higher ahead of the start of the region’s earnings season this week, with investors betting that the outlook for economic growth and profits is strong enough to support record-high stock prices.
US stocks closed higher as investors shrugged off disappointing US jobs figures.The S&P 500 gained 0.7% and the Nasdaq Composite Index added 0.8%, both setting new closing records for the fourth straight day.
UK stocks saw a late surge as the FTSE 100 index closed at a new record high on the back of optimism about the economy and a rally in US stocks. British Gas owner Centrica rose 3.1% after it was upgraded by analysts. Insurance group Admiral fell 2.9% following an analyst downgrade.
- Theresa May bid farewell to 2017 by firing her deputy and is starting the new year with a Cabinet reshuffle, a sign the British prime minister is intent on seeing Brexit to completion and fighting another election.
- Angela Merkel’s own party bloc is making her life more difficult as hard-liners seek to force the German chancellor to shift to the right in talks on setting up a government. After more than three months of post-election stalemate, Merkel is seeking a commitment this week from the rival Social Democrats to start formal negotiations on extending their governing alliance.
|FTSE All Share||4,246.37||0.4%||0.6%||9.0%|
|FTSE Small Cap||5,975.58||0.5%||1.1%||14.9%|
|St. James's Place||1,251.00||0.6%||2.0%||20.9%|
|Euro Stoxx 600||397.35||0.9%||2.1%||7.7%|
|Dow Jones Ind||25,295.87||0.9%||2.3%||25.1%|
|MSCI AC Asia Pacific||179.25||0.7%||3.1%||28.7%|
|MSCI World (Developed)||2,156.60||0.6%||2.5%||20.1%|
|MSCI AC World (Dev & Em)||526.69||0.7%||2.7%||21.6%|
|MSCI Emerging Markets||1,201.01||0.7%||3.7%||34.2%|
|MSCI AC World Value||228.77||0.5%||2.1%||15.2%|
|MSCI AC World Growth||285.64||0.8%||3.2%||28.3%|
|FTSE Gilts All Stocks||3,576.47||0.0%||-0.4%||3.0%|
|FTSE Index Linked All Stocks||646.58||-0.4%||-0.2%||2.3%|
|ML Sterling Corporate Bonds||401.51||0.1%||0.2%||5.7%|
|ML Global High Yield Bonds||380.32||0.1%||0.8%||9.7%|
|Brent Crude Oil||67.62||-0.7%||1.1%||14.5%|
|Consumer Goods and Services||22,219.98||0.9%||-0.6%||14.0%|
|Oil & Gas||9,235.09||0.0%||1.9%||4.5%|
|$ per £||1.35||-0.2%||0.3%||9.5%|
|€ per £||1.12||-0.5%||-0.4%||-4.0%|
|¥ per £||152.77||-0.4%||0.4%||5.3%|
|VIX Index (Volatility)||9.22||0.0%||-16.5%||-21.4%|
|Baltic Dry Index||1,371.00||2.2%||0.4%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.10%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.95|
|FTSE All Share Adj P/E||20.33|
|FTSE All Share Yld||3.77%|
|15yr Gilt Yield||1.55%|
|10yr Gilt Yield||1.24%|
|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.
Source: FTSE International Limited ("FTSE") © FTSE 2018. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.