Investment Market Update
Asian stocks rose to a one-month peak, after investors drove a Wall Street rally on relief the US midterm elections delivered no major political surprises.
US stocks rose, following the midterm elections in which Democrats captured control of the House and Republicans expanded their Senate majority.
UK stocks joined a rally in global equities on Wednesday as results of US midterm elections came largely in line with expectations.
- Cabinet ministers have been invited to read the UK's draft deal with the EU although it's not yet complete. Theresa May has said the withdrawal deal is 95% done - but there is no agreement yet on how to guarantee no hard border in Northern Ireland.
- Japan's Toshiba is set to wind up NuGen, its UK-based nuclear arm, after efforts to offload the failed business. Toshiba's move will put a dent in the UK's plans to develop new nuclear power stations as it continues efforts to move to a low carbon economy.
|FTSE All Share||3,909.12||1.0%||-7.4%||9.0%|
|FTSE Small Cap||5,528.70||1.0%||-6.5%||14.9%|
|St. James's Place||1,034.00||1.1%||-15.7%||20.9%|
|Euro Stoxx 600||366.39||1.1%||-5.9%||7.7%|
|Dow Jones Ind||26,180.30||2.1%||5.9%||25.1%|
|MSCI AC Asia Pacific||153.09||0.2%||-11.9%||28.7%|
|MSCI World (Developed)||2,084.45||1.6%||-0.9%||20.1%|
|MSCI AC World (Dev & Em)||500.23||1.5%||-2.5%||21.6%|
|MSCI Emerging Markets||997.92||0.6%||-13.9%||34.2%|
|MSCI AC World Value||212.90||1.2%||-5.0%||15.2%|
|MSCI AC World Growth||276.46||1.9%||-0.1%||28.3%|
|FTSE Gilts All Stocks||3,541.95||-0.1%||-1.3%||3.0%|
|FTSE Index Linked All Stocks||638.70||-0.1%||-1.4%||2.3%|
|ML Sterling Corporate Bonds||392.84||0.0%||-2.0%||5.7%|
|ML Global High Yield Bonds||375.96||0.3%||-0.4%||9.7%|
|Brent Crude Oil||72.07||-0.1%||13.8%||14.5%|
|Consumer Goods and Services||19,301.75||1.2%||-13.7%||13.6%|
|Oil & Gas||9,082.24||0.8%||0.2%||6.0%|
|$ per £||1.31||-0.5%||-3.2%||9.5%|
|€ per £||1.15||-0.1%||1.8%||-4.0%|
|¥ per £||148.48||-0.4%||-2.5%||5.3%|
|VIX Index (Volatility)||16.36||-17.8%||48.2%||-21.4%|
|Baltic Dry Index||1,304.00||-6.5%||-4.5%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.85%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.73|
|FTSE All Share Adj P/E||10.84|
|FTSE All Share Yld||4.51%|
|15yr Gilt Yield||1.71%|
|10yr Gilt Yield||1.53%|
|10yr US Tres Yield||3.24%|
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.