Investment Market Update
Asian stocks were mixed as investors continued to assess the staying power of a rally that brought global equities to a record.
US stocks fell for the first back-to-back decline in more than a month, as health-care shares declined after Republicans released details of a replacement for Obamacare and the president tweeted about lowering drug costs for Americans.
UK stocks were mostly unchanged on Tuesday, with company news driving the movers, as investors sat on their hands awaiting the budget report to be delivered by Chancellor Philip Hammond today.
- Chancellor of the Exchequer Philip Hammond will say Britain is well placed to weather the challenges of Brexit as he pledges to take the decisions needed to prosper outside the European Union. In his Spring Budget today, Hammond will deliver an upbeat assessment of the future as Prime Minister Theresa May prepares to trigger formal talks with the EU this month. While the need to continue reducing the deficit means difficult decisions on tax and spending, investment remains a priority and the government will help ordinary working families still suffering from the effects of the 2008 financial crisis, the Treasury said in a briefing note.
- Prime Minister Theresa May is fighting back against Brexit rebels in her ruling Conservative Party as she steps up her battle to start the formal process of pulling Britain out of the European Union. The premier fired government adviser Michael Heseltine after he led a 13-strong revolt in the House of Lords, helping to inflict a second Brexit-bill defeat on May in a vote on Tuesday. The upper chamber rewrote May’s draft law to guarantee Parliament a “meaningful vote” on the outcome of exit talks, potentially vetoing any final agreement and stopping the premier walking away without a deal.
|FTSE All Share||3,992.39||-0.1%||3.1%||12.5%|
|FTSE Small Cap||5,364.96||0.2%||4.3%||11.0%|
|St. James's Place||1,079.00||-0.6%||6.4%||3.9%|
|Euro Stoxx 600||372.27||-0.3%||3.0%||-1.2%|
|Dow Jones Ind||20,924.76||-0.1%||5.9%||13.4%|
|MSCI AC Asia Pacific||144.67||0.2%||7.1%||2.3%|
|MSCI World (Developed)||1,840.57||-0.3%||5.1%||5.3%|
|MSCI AC World (Dev & Em)||444.91||-0.2%||5.5%||5.6%|
|MSCI Emerging Markets||936.50||0.2%||8.6%||8.6%|
|MSCI AC World Value||202.16||-0.2%||4.0%||9.5%|
|MSCI AC World Growth||230.78||-0.2%||7.0%||1.8%|
|FTSE Gilts All Stocks||3,551.98||0.3%||0.8%||8.5%|
|FTSE Index Linked All Stocks||634.59||0.8%||-0.3%||21.2%|
|ML Sterling Corporate Bonds||387.03||0.2%||1.5%||10.7%|
|ML Global High Yield Bonds||351.69||-0.2%||2.7%||15.0%|
|Brent Crude Oil||55.92||-0.2%||-3.7%||23.4%|
|Consumer Goods and Services||21,618.53||0.3%||9.8%||9.6%|
|Oil & Gas||8,035.40||0.3%||-6.0%||54.2%|
|$ per £||1.24||1.6%||0.5%||-16.3%|
|€ per £||1.18||2.2%||0.6%||-15.7%|
|¥ per £||139.20||0.0%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||6.1%||-15.0%||-22.9%|
|Baltic Dry Index||1,033.00||5.5%||7.5%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.98|
|FTSE All Share Adj P/E||24.91|
|FTSE All Share Yld||3.88%|
|15yr Gilt Yield||1.56%|
|10yr Gilt Yield||1.19%|
|10yr US Tres Yield||2.52%|
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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