Investment Market Update
Asia shares were mixed, Chinese stocks rose as trading resumed after a week-long holiday but an Asia-wide benchmark was little changed as markets in Japan, South Korea and Taiwan were closed.
US stocks held steady on Friday, closing the day almost unchanged after new economic data from the US Labor Department showed the first monthly jobs decline since 2010. US markets have been trading in record territory in recent days, and finished higher for the week.
UK stocks rose Friday and ended the week up as the pound continued to fall on the back of Theresa May's uncertain future. British Gas owner Centrica fell 1.7% after Mrs May reiterated her position to introduce a draft bill to the House of Commons to cap some energy tariffs.
- Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said.
Airbnb, the accommodation website, paid less than £200,000 in UK corporation tax last year despite collecting £657m of rental payments for property owners. The commissions the company earns in the UK are booked by its Irish subsidiary, but it also has two UK subsidiaries.
|FTSE All Share||4,119.16||-0.20%||6.30%||12.45%|
|FTSE Small Cap||5,802.65||-0.10%||12.80%||10.97%|
|St. James's Place||1,124.00||-0.70%||14.60%||3.85%|
|Euro Stoxx 600||390.21||0.20%||8.00%||-1.20%|
|Dow Jones Ind||22,761.07||-0.10%||15.20%||13.42%|
|MSCI AC Asia Pacific||163.372||0.00%||21.00%||2.34%|
|MSCI World (Developed)||2,013.12||0.00%||15.00%||5.32%|
|MSCI AC World (Dev & Em)||490.555||-0.10%||16.30%||5.63%|
|MSCI Emerging Markets||1,100.42||-0.20%||27.60%||8.58%|
|MSCI AC World Value||216.02||-0.10%||11.10%||9.50%|
|MSCI AC World Growth||262.545||0.00%||21.80%||1.81%|
|FTSE Gilts All Stocks||3,513.95||0.10%||-0.30%||8.51%|
|FTSE Index Linked All Stocks||632.12||-0.20%||-0.70%||21.23%|
|ML Sterling Corporate Bonds||393.299||0.10%||3.20%||10.75%|
|ML Global High Yield Bonds||374.756||0.10%||9.40%||15.01%|
|Brent Crude Oil||55.79||0.30%||-5.00%||23.39%|
|Consumer Goods and Services||21,991.97||0.40%||11.70%||9.56%|
|Oil & Gas||8,407.93||-0.20%||-1.60%||54.21%|
|$ per £||1.3066||-0.60%||5.90%||-16.25%|
|€ per £||1.114||-0.40%||-5.00%||-15.73%|
|¥ per £||147.19701||-0.60%||1.90%||-22.69%|
|VIX Index (Volatility)||10.33||7.00%||-26.40%||-22.90%|
|Baltic Dry Index||1,411.00||0.40%||46.80%||101.05%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.34%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.30779|
|FTSE All Share Adj P/E||21.56345|
|FTSE All Share Yld||3.78%|
|15yr Gilt Yield||1.69%|
|10yr Gilt Yield||1.36%|
|10yr US Tres Yield||2.36%|
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.