Investment Market Update
Most Asian stocks fell as investors were reluctant to add big positions ahead of key events looming in Europe and the US. The yen erased losses on a Bank of Japan report on how to handle a future exit from monetary stimulus, while oil nudged higher.
US stocks closed higher, recovering ground after a fall on Tuesday. Financial stocks led the way, as the momentum in Washington for an overhaul of bank regulations held up in advance of a preliminary vote today.
UK stocks in the FTSE 100 index closed slightly lower on the last day of campaigning before the general election. Banking stocks were among the top risers, with Lloyds Banking Group up 1.65% and RBS adding 1.35%. Analysts said that struggling Spanish bank Banco Popular's rescue by Santander had given the overall banking sector a boost.
- The European Central Bank’s challenge of the day is to weigh improvements in economic growth against the lack of convincing inflation pressure.The words policy makers will choose to describe the region’s outlook will help determine whether the institution is moving closer toward unwinding unconventional stimulus.
- German industrial production rose more than analysts predicted, with a fourth consecutive increase in manufacturing adding to signs of underlying strength in Europe’s largest economy.
|FTSE All Share||4,086.98||-0.5%||5.5%||12.5%|
|FTSE Small Cap||5,593.27||-0.1%||8.8%||11.0%|
|St. James's Place||1,163.00||0.3%||17.0%||3.9%|
|Euro Stoxx 600||389.18||-0.1%||7.7%||-1.2%|
|Dow Jones Ind||21,173.69||0.2%||7.1%||13.4%|
|MSCI AC Asia Pacific||155.44||0.1%||15.1%||2.3%|
|MSCI World (Developed)||1,927.06||0.1%||10.0%||5.3%|
|MSCI AC World (Dev & Em)||467.63||0.0%||10.9%||5.6%|
|MSCI Emerging Markets||1,015.75||0.0%||17.8%||8.6%|
|MSCI AC World Value||205.98||0.0%||6.0%||9.5%|
|MSCI AC World Growth||250.21||0.1%||16.0%||1.8%|
|FTSE Gilts All Stocks||3,622.31||0.2%||2.8%||8.5%|
|FTSE Index Linked All Stocks||654.98||-0.1%||2.9%||21.2%|
|ML Sterling Corporate Bonds||398.04||0.1%||4.4%||10.7%|
|ML Global High Yield Bonds||363.67||-0.1%||6.2%||15.0%|
|Brent Crude Oil||48.06||-4.1%||-18.3%||23.4%|
|Consumer Goods and Services||22,956.82||-0.8%||16.6%||9.6%|
|Oil & Gas||7,717.22||-1.3%||-9.7%||54.2%|
|$ per £||1.29||-0.3%||4.4%||-16.3%|
|€ per £||1.14||-0.4%||-2.5%||-15.7%|
|¥ per £||140.99||-0.3%||-2.4%||-22.7%|
|VIX Index (Volatility)||10.39||-0.6%||-26.0%||-22.9%|
|Baltic Dry Index||821.00||0.4%||-14.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.29%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||25.14|
|FTSE All Share Adj P/E||23.66|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.40%|
|10yr Gilt Yield||1.00%|
|10yr US Tres Yield||2.17%|
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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