Investment Market Update
Asian stocks were mixed after the US followed through with plans to put higher tariffs on $16 billion in Chinese exports.
US stocks closed higher on Tuesday as investors continued to brush aside anxiety over the trade war between the US and China and instead focus on positive corporate earnings.
UK stocks closed higher for a third straight session on Tuesday, inspired by gains for Asia and the US, with commodity-related stocks taking the lead.
- Tesla boss Elon Musk is considering taking the electric-car firm private, a move he claimed was the "best path forward" for the company. Mr Musk said de-listing from the stock exchange meant Tesla would no longer be pressured into making short-term decisions to appease investors. In an unusual move, Mr Musk first made the announcement on Twitter rather than via an official regulatory disclosure.
- The US has said it will impose further tariffs on Chinese goods starting 23 August, as a trade war between the world's two biggest economies continues. The top US trade body said the 25% import taxes would apply to about $16bn of annual imports. The duties are part of a broader round of US tariffs on $50bn worth of goods announced in March.
|FTSE All Share||4,233.52||0.6%||0.3%||9.0%|
|FTSE Small Cap||5,885.78||0.0%||-0.4%||14.9%|
|St. James's Place||1,152.00||-0.1%||-6.0%||20.9%|
|Euro Stoxx 600||390.49||0.5%||0.3%||7.7%|
|Dow Jones Ind||25,628.91||0.5%||3.7%||25.1%|
|MSCI AC Asia Pacific||166.45||0.9%||-4.2%||28.7%|
|MSCI World (Developed)||2,166.85||0.4%||3.0%||20.1%|
|MSCI AC World (Dev & Em)||522.34||0.5%||1.8%||21.6%|
|MSCI Emerging Markets||1,079.79||0.8%||-6.8%||34.2%|
|MSCI AC World Value||219.34||0.5%||-2.1%||15.2%|
|MSCI AC World Growth||292.47||0.5%||5.7%||28.3%|
|FTSE Gilts All Stocks||3,594.27||-0.2%||0.1%||3.0%|
|FTSE Index Linked All Stocks||645.20||-0.1%||-0.4%||2.3%|
|ML Sterling Corporate Bonds||396.42||-0.1%||-1.1%||5.7%|
|ML Global High Yield Bonds||376.90||0.1%||-0.1%||9.7%|
|Brent Crude Oil||74.65||1.2%||15.9%||14.5%|
|Consumer Goods and Services||21,236.45||0.2%||-5.0%||13.6%|
|Oil & Gas||9,657.01||1.3%||6.6%||6.0%|
|$ per £||1.29||-0.1%||-4.2%||9.5%|
|€ per £||1.12||0.2%||-0.6%||-4.0%|
|¥ per £||144.21||0.1%||-5.3%||5.3%|
|VIX Index (Volatility)||10.93||-3.0%||-1.0%||-21.4%|
|Baltic Dry Index||1,732.00||-2.3%||26.8%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.84|
|FTSE All Share Adj P/E||12.85|
|FTSE All Share Yld||3.98%|
|15yr Gilt Yield||1.59%|
|10yr Gilt Yield||1.32%|
|10yr US Tres Yield||2.97%|
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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