Investment Market Update
Asian shares rose to the highest level since July 2015, following US stocks’ climb to record highs after President Donald Trump said he plans to overhaul business taxes.
US stocks advanced to new highs after weekly applications for unemployment benefits unexpectedly declined and investors assessed earnings from Coca-Cola Co. and Kellogg Co. to Twitter Inc.
UK stocks closed higher, led by gains in financials as RBS Group Plc and Barclays Plc rose 2.5% and 2.0% respecitvely.
- Shares in Twitter ended the day more than 12% lower after the company reported that its fourth-quarter losses had nearly doubled. The social networking service reported a loss of $167m in the final three months of 2016, as against $90m in the same period a year earlier.
- Germany's trade surplus hit an all time high last year as the country continued to export significantly more than it imported. According to the figures, German exports climbed 1.2% to 1.2 trillion euros in 2016, while imports rose 0.6% to 954.6bn euros.
|FTSE All Share||3,933.99||0.5%||1.6%||12.5%|
|FTSE Small Cap||5,298.67||0.1%||3.0%||11.0%|
|St. James's Place||1,082.00||1.6%||6.7%||3.9%|
|Euro Stoxx 600||366.79||0.8%||1.5%||-1.2%|
|Dow Jones Ind||20,172.40||0.6%||2.1%||13.4%|
|MSCI AC Asia Pacific||142.52||-0.6%||5.5%||2.3%|
|MSCI World (Developed)||1,807.54||0.3%||3.2%||5.3%|
|MSCI AC World (Dev & Em)||437.23||0.3%||3.6%||5.6%|
|MSCI Emerging Markets||925.57||0.4%||7.3%||8.6%|
|MSCI AC World Value||198.70||0.3%||2.2%||9.5%|
|MSCI AC World Growth||226.75||0.3%||5.2%||1.8%|
|FTSE Gilts All Stocks||3,513.51||-0.1%||-0.3%||8.5%|
|FTSE Index Linked All Stocks||645.39||0.1%||1.4%||21.2%|
|ML Sterling Corporate Bonds||381.43||-0.1%||0.1%||10.7%|
|ML Global High Yield Bonds||349.78||0.0%||2.1%||15.0%|
|Brent Crude Oil||55.63||0.9%||-3.2%||23.4%|
|Consumer Goods and Services||20,829.40||-0.3%||5.8%||9.6%|
|Oil & Gas||8,000.92||1.0%||-6.4%||54.2%|
|$ per £||1.25||0.0%||1.4%||-16.3%|
|€ per £||1.17||0.0%||0.1%||-15.7%|
|¥ per £||142.30||0.5%||-1.5%||-22.7%|
|VIX Index (Volatility)||10.88||-5.0%||-22.5%||-22.9%|
|Baltic Dry Index||707.00||0.7%||-26.4%||101.1%|
|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||27.11|
|FTSE All Share Adj P/E||24.62|
|FTSE All Share Yld||3.85%|
|15yr Gilt Yield||1.66%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.39%|
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.