Investment Market Update
Asian stocks declined Monday after China injected extra money into its cooling economy by reducing bank reserve levels. Economists say the change would free up some 1.2 trillion yuan ($175 billion) for additional lending.
US stocks closed sharply lower Friday as worries about rising interest rates overshadowed the September jobs report, which pointed to strength in the labor market and the broader economy.
UK stocks closed firmly in the red Friday as sterling gained,mining firms were the worst hit, although technically the trigger for the fall came from a decline in copper prices.
- Facebook paid £15.7m in tax in the UK last year, which is triple the amount it paid in the previous year. In 2016, Facebook's tax bill rose to £5.1m, following a major overhaul of the social media firm's tax structure. However, the company's profits only climbed by £4m year-on-year from £58.4m to £62.7m in 2017.
The controversy surrounding the Italian government's spending plans has led to continued nervousness on the financial markets. The budget set out by the country's coalition government last month - which involves greater spending than previously planned had already sent Italian share prices lower and knocked the value of the euro.
|FTSE All Share||4,028.19||-1.2%||-4.6%||9.0%|
|FTSE Small Cap||5,729.34||-0.4%||-3.1%||14.9%|
|St. James's Place||1,126.50||-1.2%||-8.1%||20.9%|
|Euro Stoxx 600||376.41||-0.9%||-3.3%||7.7%|
|Dow Jones Ind||26,447.05||-0.7%||7.0%||25.1%|
|MSCI AC Asia Pacific||159.65||-0.7%||-8.1%||28.7%|
|MSCI World (Developed)||2,151.42||-0.6%||2.3%||20.1%|
|MSCI AC World (Dev & Em)||514.69||-0.7%||0.3%||21.6%|
|MSCI Emerging Markets||1,000.76||-1.0%||-13.6%||34.2%|
|MSCI AC World Value||217.19||-0.5%||-3.1%||15.2%|
|MSCI AC World Growth||286.84||-0.9%||3.6%||28.3%|
|FTSE Gilts All Stocks||3,496.31||-0.5%||-2.6%||3.0%|
|FTSE Index Linked All Stocks||622.28||-1.1%||-3.9%||2.3%|
|ML Sterling Corporate Bonds||389.91||-0.3%||-2.7%||5.7%|
|ML Global High Yield Bonds||377.55||-0.1%||0.0%||9.7%|
|Brent Crude Oil||84.16||-0.5%||32.2%||14.5%|
|Consumer Goods and Services||19,400.67||-0.6%||-13.2%||13.6%|
|Oil & Gas||9,749.73||-2.0%||7.6%||6.0%|
|$ per £||1.30||-0.8%||-3.7%||9.5%|
|€ per £||1.13||-0.7%||0.4%||-4.0%|
|¥ per £||148.05||-0.8%||-2.7%||5.3%|
|VIX Index (Volatility)||14.82||4.2%||34.2%||-21.4%|
|Baltic Dry Index||1,536.00||-1.2%||12.4%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.27|
|FTSE All Share Adj P/E||12.29|
|FTSE All Share Yld||4.21%|
|15yr Gilt Yield||1.86%|
|10yr Gilt Yield||1.72%|
|10yr US Tres Yield||3.23%|
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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