Investment Market Update
Asian stocks were mixed on Thursday with Chinese equities again outperforming despite the ongoing tariffs between China and the Trump administration. Chinese stocks pushed higher as earnings reports offered a respite from the recent sell-off.
US stocks closed mostly lower on Wednesday following a batch of weak earnings from high-profile firms such as Walt Disney Co. and Snap Inc. However, the Nasdaq extended its winning streak to a fifth session as technology shares outperformed the broader market.
UK stocks were up as a weaker pound helped boost exporters and hopes grew that China would offer further stimulus measures to cushion itself from a trade war.
- Rents could rise 15% by 2023 as the supply of new rental properties dries up, according to a survey by the Royal Institution of Chartered Surveyors. It said small scale landlords are pulling out of the market. It blamed tax changes brought in last year which have made Buy-To-Let investments less profitable.
- The pound has fallen below $1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal. Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc.
|FTSE All Share||4,263.00||0.7%||1.0%||9.0%|
|FTSE Small Cap||5,912.22||0.4%||0.0%||14.9%|
|St. James's Place||1,164.50||1.1%||-5.0%||20.9%|
|Euro Stoxx 600||389.69||-0.2%||0.1%||7.7%|
|Dow Jones Ind||25,583.75||-0.2%||3.5%||25.1%|
|MSCI AC Asia Pacific||166.85||0.2%||-4.0%||28.7%|
|MSCI World (Developed)||2,166.15||0.0%||3.0%||20.1%|
|MSCI AC World (Dev & Em)||522.19||0.0%||1.8%||21.6%|
|MSCI Emerging Markets||1,079.73||0.0%||-6.8%||34.2%|
|MSCI AC World Value||219.18||-0.1%||-2.2%||15.2%|
|MSCI AC World Growth||292.51||0.0%||5.7%||28.3%|
|FTSE Gilts All Stocks||3,596.07||0.1%||0.2%||3.0%|
|FTSE Index Linked All Stocks||646.24||0.2%||-0.2%||2.3%|
|ML Sterling Corporate Bonds||396.66||0.1%||-1.0%||5.7%|
|ML Global High Yield Bonds||376.75||0.0%||-0.2%||9.7%|
|Brent Crude Oil||72.28||-3.2%||12.3%||14.5%|
|Consumer Goods and Services||21,386.38||0.7%||-4.4%||13.6%|
|Oil & Gas||9,702.72||0.5%||7.1%||6.0%|
|$ per £||1.30||0.5%||-4.2%||9.5%|
|€ per £||1.12||0.5%||-0.8%||-4.0%|
|¥ per £||144.04||0.8%||-5.4%||5.3%|
|VIX Index (Volatility)||10.85||-0.7%||-1.7%||-21.4%|
|Baltic Dry Index||1,704.00||-1.6%||24.7%||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||12.95|
|FTSE All Share Adj P/E||12.94|
|FTSE All Share Yld||3.96%|
|15yr Gilt Yield||1.58%|
|10yr Gilt Yield||1.31%|
|10yr US Tres Yield||2.96%|
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.