Investment Market Update
Asian stocks continue to drop after a volatile week on Wall Street. Shanghai stocks plunged more than 5% on Friday morning, while Japan's Nikkei Index fell 3.2% and the Hang Seng in Hong Kong dropped 4.3%.
US stocks fell sharply on Thursday as strong earnings and economic data were not enough to quell jitters on Wall Street about higher interest rates. The Dow Jones industrial average closed 1,032.89 points lower at 23,860.46.
UK stocks fell on Thursday after recovering from the losses earlier in the week on Wednesday, the FTSE 100 ended the day 1.5% lower at 7,170 points. A fall was to be expected to some degree, given that the earlier jump in sterling usually means a hit for London's blue-chip index.
- The US government has officially shut down for the second time this year because Congress failed to meet a deadline to vote on a new budget. Senators, however, debated all night, and have voted to pass the bill, which must now pass to the House.The 600 page plan proposes an increase in spending, by roughly $300bn (£215bn), on defence and domestic services.
- Twitter has reported its first quarterly net profit helped by a rise in video advertising sales.The news gave a massive boost to Twitter's shares which closed 12% up on the day. Net profit was $91.1m (£65m) in the fourth quarter of 2017, compared with a loss of $167.1m for the same period a year ago.
|FTSE All Share||3,941.25||-1.5%||-6.6%||9.0%|
|FTSE Small Cap||5,648.30||-0.9%||-4.5%||14.9%|
|St. James's Place||1,128.00||-3.2%||-8.0%||20.9%|
|Euro Stoxx 600||374.03||-1.6%||-3.9%||7.7%|
|Dow Jones Ind||23,860.46||-4.1%||-3.5%||25.1%|
|MSCI AC Asia Pacific||173.44||0.2%||-0.2%||28.7%|
|MSCI World (Developed)||2,045.01||-2.7%||-2.8%||20.1%|
|MSCI AC World (Dev & Em)||500.70||-2.5%||-2.4%||21.6%|
|MSCI Emerging Markets||1,163.09||-0.9%||0.4%||34.2%|
|MSCI AC World Value||217.49||-2.2%||-2.9%||15.2%|
|MSCI AC World Growth||271.54||-2.7%||-1.9%||28.3%|
|FTSE Gilts All Stocks||3,487.52||-0.6%||-2.8%||3.0%|
|FTSE Index Linked All Stocks||622.41||-1.3%||-3.9%||2.3%|
|ML Sterling Corporate Bonds||392.97||-0.5%||-2.0%||5.7%|
|ML Global High Yield Bonds||377.82||-0.4%||0.1%||9.7%|
|Brent Crude Oil||64.81||-1.1%||-2.5%||14.5%|
|Consumer Goods and Services||20,184.43||-2.5%||-9.7%||13.6%|
|Oil & Gas||8,316.55||-1.8%||-8.2%||6.0%|
|$ per £||1.39||-0.2%||2.7%||9.5%|
|€ per £||1.13||-0.4%||0.4%||-4.0%|
|¥ per £||152.02||0.6%||-0.1%||5.3%|
|VIX Index (Volatility)||33.46||20.7%||203.1%||-21.4%|
|Baltic Dry Index||1,106.00||0.8%||-19.0%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.53%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.10%|
|Yields / Ratios|
|FTSE 100 Adj P/E||19.02|
|FTSE All Share Adj P/E||18.56|
|FTSE All Share Yld||4.07%|
|15yr Gilt Yield||1.84%|
|10yr Gilt Yield||1.62%|
|10yr US Tres Yield||2.82%|
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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