Investment Market Update
Asian stocks fell after US President Donald Trump said he doesn’t plan to meet Chinese leader Xi Jinping before a tariffs truce ends in March.
US stocks closed lower as investors focused on US-China trade tensions, highlighting widespread worries over slower global economic growth.
UK stocks fell as losses in the Oil Equipment Services & Distribution, Forestry & Paper and Automobiles & Parts sectors led shares lower.
- The government's housing planning system is unable to demonstrate it is meeting housing demand effectively, public spending watchdog the National Audit Office has said. The government wants 300,000 new homes a year from the mid-2020s onwards.
- The giant Drax power station, near Selby in North Yorkshire, has become the first in Europe to capture carbon dioxide (CO2) from wood-burning. Drax burns seven million tonnes of wood chips each year to drive generators to make electricity. The firm has now begun a pilot project to capture one tonne a day of CO2 from its wood combustion.
|FTSE All Share||3,884.26||-1.1%||5.7%||-13.0%|
|FTSE Small Cap||5,400.07||-0.1%||4.3%||-12.4%|
|St. James's Place||942.60||-2.2%||-0.1%||-23.0%|
|Euro Stoxx 600||360.08||-1.5%||6.6%||-13.2%|
|Dow Jones Ind||25,169.53||-0.9%||7.9%||-5.6%|
|MSCI AC Asia Pacific||156.47||-0.3%||6.7%||-15.6%|
|MSCI World (Developed)||2,026.94||-1.0%||7.6%||-10.4%|
|MSCI AC World (Dev & Em)||490.42||-0.9%||7.6%||-11.2%|
|MSCI Emerging Markets||1,041.97||-0.6%||7.9%||-16.6%|
|MSCI AC World Value||207.47||-0.9%||6.7%||-13.2%|
|MSCI AC World Growth||272.71||-1.0%||8.5%||-9.2%|
|FTSE Gilts All Stocks||3,664.15||0.3%||1.5%||0.8%|
|FTSE Index Linked All Stocks||656.63||0.5%||2.2%||-1.2%|
|ML Sterling Corporate Bonds||401.59||0.2%||2.5%||-2.4%|
|ML Global High Yield Bonds||380.49||-0.3%||4.3%||-3.7%|
|Brent Crude Oil||61.63||-1.7%||14.1%||-14.9%|
|Consumer Goods and Services||18,534.03||0.1%||6.2%||-21.0%|
|Oil & Gas||9,045.54||-1.4%||6.9%||-7.4%|
|$ per £||1.30||-0.1%||1.6%||-6.2%|
|€ per £||1.14||-0.3%||2.3%||-1.3%|
|¥ per £||142.15||-0.1%||1.7%||-19.7%|
|VIX Index (Volatility)||16.37||6.4%||-35.6%||160.2%|
|Baltic Dry Index||610.00||-3.0%||-52.0%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.90%|
|Consumer Price Index||2.10%|
|Retail Price Index||2.70%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.44|
|FTSE All Share Adj P/E||11.68|
|FTSE All Share Yld||4.61%|
|15yr Gilt Yield||1.39%|
|10yr Gilt Yield||1.18%|
|10yr US Tres Yield||2.66%|
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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