Investment Market Update
Asian stocks were mixed, including Japanese stocks falling as some investors opted to stay on the sidelines before US President Donald Trump meets with Prime Minister Shinzo Abe in Washington on Friday.
US stocks were little changed after paring earlier losses, as investors continued to study company earnings for clues on the health of corporate America and as energy companies staged a rebound.
UK stocks closed slightly higher, as strong results from Redrow pushed all housebuilders upwards. Rolls Royce also did well, gaining 2.8% on the back of a broker recommendation.
- The man responsible for financial stability at the Bank of England has warned against relaxing banking regulation, saying such a move could damage the global economy. Sir John Cunliffe told the BBC that lax controls risked undoing progress that had been made since 2008.
- UK Prime Minister Theresa May’s government said it would force local councils in England to set out how they’ll build more houses in an effort to increase supply and push down prices that make home ownership prohibitively expensive for many young people.
|FTSE All Share||3,915.29||0.10%||1.10%||12.45%|
|FTSE Small Cap||5,290.94||-0.10%||2.90%||10.97%|
|St. James's Place||1,065.00||-0.30%||5.00%||3.85%|
|Euro Stoxx 600||363.94||0.30%||0.70%||-1.20%|
|Dow Jones Ind||20,054.34||-0.20%||1.50%||13.42%|
|MSCI AC Asia Pacific||143.361||0.60%||6.20%||2.34%|
|MSCI World (Developed)||1,802.26||0.30%||2.90%||5.32%|
|MSCI AC World (Dev & Em)||435.893||0.30%||3.30%||5.63%|
|MSCI Emerging Markets||921.68||0.20%||6.90%||8.58%|
|MSCI AC World Value||198.024||0.10%||1.90%||9.50%|
|MSCI AC World Growth||226.142||0.40%||4.90%||1.81%|
|FTSE Gilts All Stocks||3,515.80||0.70%||-0.20%||8.51%|
|FTSE Index Linked All Stocks||644.51||1.10%||1.20%||21.23%|
|ML Sterling Corporate Bonds||381.796||0.50%||0.20%||10.75%|
|ML Global High Yield Bonds||349.883||0.00%||2.20%||15.01%|
|Brent Crude Oil||55.12||0.10%||-4.10%||23.39%|
|Consumer Goods and Services||20,883.33||1.40%||6.10%||9.56%|
|Oil & Gas||7,919.78||-1.30%||-7.40%||54.21%|
|$ per £||1.25123||-0.20%||1.40%||-16.25%|
|€ per £||1.17212||0.00%||-0.10%||-15.73%|
|¥ per £||140.48749||0.30%||-2.80%||-22.69%|
|VIX Index (Volatility)||11.45||1.40%||-18.40%||-22.90%|
|Baltic Dry Index||702||-1.70%||-27.00%||101.05%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.00%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.12437|
|FTSE All Share Adj P/E||24.62785|
|FTSE All Share Yld||3.88%|
|15yr Gilt Yield||1.63%|
|10yr Gilt Yield||1.21%|
|10yr US Tres Yield||2.34%|
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.