Investment Market Update
Asian stocks outside of China climbed, with Japanese shares rallying after a three-day holiday, amid optimism on improving global growth following Emmanuel Macron’s victory as France’s next president.
Wall Street markets closed the week on an upbeat note, after a strong US jobs report pointed to further economic growth ahead.
UK stocks closed the week strongly as Pearson gained more than 12% after announcing plans to cut costs by 2019. IAG shares gained more than 5% after reported record first-quarter profits.
- Saudi Arabia's oil minister said he's confident that an agreement by producers to curb output will be extended into the second half of the year.
- Emmanuel Macron pledged to unite France’s rifts after his victory over Marine Le Pen in the presidential election, saying that he’ll work to address the concerns that were exposed during one of the most divisive campaigns of recent history.
|FTSE All Share||4,006.84||0.60%||3.40%||12.45%|
|FTSE Small Cap||5,552.39||0.50%||8.00%||10.97%|
|St. James's Place||1,169.00||0.90%||17.60%||3.85%|
|Euro Stoxx 600||394.54||0.70%||9.20%||-1.20%|
|Dow Jones Ind||21,006.94||0.30%||6.30%||13.42%|
|MSCI AC Asia Pacific||148.594||-0.30%||10.00%||2.34%|
|MSCI World (Developed)||1,896.75||0.50%||8.30%||5.32%|
|MSCI AC World (Dev & Em)||459.171||0.50%||8.80%||5.63%|
|MSCI Emerging Markets||978.273||-0.20%||13.50%||8.58%|
|MSCI AC World Value||204.777||0.50%||5.40%||9.50%|
|MSCI AC World Growth||242.717||0.50%||12.60%||1.81%|
|FTSE Gilts All Stocks||3,562.49||-0.10%||1.10%||8.51%|
|FTSE Index Linked All Stocks||641.21||-0.60%||0.70%||21.23%|
|ML Sterling Corporate Bonds||390.919||-0.10%||2.50%||10.75%|
|ML Global High Yield Bonds||358.889||0.00%||4.80%||15.01%|
|Brent Crude Oil||49.1||1.50%||-16.40%||23.39%|
|Consumer Goods and Services||21,951.17||0.30%||11.50%||9.56%|
|Oil & Gas||7,702.40||2.00%||-9.90%||54.21%|
|$ per £||1.2921||-0.50%||4.70%||-16.25%|
|€ per £||1.1775||-0.20%||0.40%||-15.73%|
|¥ per £||145.407||-0.70%||0.60%||-22.69%|
|VIX Index (Volatility)||10.57||1.10%||-24.70%||-22.90%|
|Baltic Dry Index||994.00||-1.00%||3.40%||101.05%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.32%|
|Consumer Price Index||2.30%|
|Retail Price Index||3.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||24.50304|
|FTSE All Share Adj P/E||23.27546|
|FTSE All Share Yld||3.86%|
|15yr Gilt Yield||1.53%|
|10yr Gilt Yield||1.12%|
|10yr US Tres Yield||2.35%|
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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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.