Investment Market Update
Asian stocks climbed higher as President Xi Jinping struck a conciliatory tone. Shares from Sydney to Hong Kong rose alongside oil and metals and Treasuries extended losses with gold and the yen.
US stocks rose as gains in technology shares and a softer stance by US policymakers on China trade tariffs powered a rebound from last week's sell-off. The FANG group, comprising four closely-watched internet stocks - Facebook, Amazon, Netflix, and Alphabet Inc's Google - were up between 1.1% and 3.4%.
UK stocks in the main index closed slightly higher after spending much of the afternoon in the red. Russian steelmaker Evraz was the main casualty, down 14.5% in the wake of US sanctions against the country. Global commodities giant Glencore also fell 3.3%.
- Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a “Cold War mentality” amid trade disputes with US counterpart Donald Trump. Xi pledged a “new phase of opening up” in his keynote address to the Boao Forum for Asia, China’s answer to Davos.
- The European Central Bank’s top officials lined up to express cautious confidence in the euro-area economy after a series of reports pointing to a surprisingly weak start to the year, while reiterating that they’ll move only slowly toward the end of stimulus.
|FTSE All Share||3,956.84||0.1%||-6.3%||9.0%|
|FTSE Small Cap||5,637.59||0.0%||-4.6%||14.9%|
|St. James's Place||1,060.50||0.8%||-13.5%||20.9%|
|Euro Stoxx 600||375.30||0.1%||-3.6%||7.7%|
|Dow Jones Ind||23,979.10||0.2%||-3.0%||25.1%|
|MSCI AC Asia Pacific||172.86||0.7%||-0.5%||28.7%|
|MSCI World (Developed)||2,061.19||0.4%||-2.0%||20.1%|
|MSCI AC World (Dev & Em)||504.18||0.4%||-1.7%||21.6%|
|MSCI Emerging Markets||1,163.07||0.1%||0.4%||34.2%|
|MSCI AC World Value||216.67||0.4%||-3.3%||15.2%|
|MSCI AC World Growth||276.27||0.4%||-0.2%||28.3%|
|FTSE Gilts All Stocks||3,570.12||-0.1%||-0.5%||3.0%|
|FTSE Index Linked All Stocks||637.26||-0.1%||-1.6%||2.3%|
|ML Sterling Corporate Bonds||393.71||0.0%||-1.8%||5.7%|
|ML Global High Yield Bonds||378.04||0.1%||0.2%||9.7%|
|Brent Crude Oil||68.65||2.3%||4.4%||14.5%|
|Consumer Goods and Services||20,084.46||-0.1%||-10.2%||13.6%|
|Oil & Gas||8,544.60||-0.1%||-5.7%||6.0%|
|$ per £||1.41||-0.3%||4.3%||9.5%|
|€ per £||1.15||0.0%||1.9%||-4.0%|
|¥ per £||150.65||-0.3%||-1.0%||5.3%|
|VIX Index (Volatility)||21.77||1.3%||97.2%||-21.4%|
|Baltic Dry Index||952.00||0.4%||-30.3%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.76%|
|Consumer Price Index||2.70%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.83|
|FTSE All Share Adj P/E||13.18|
|FTSE All Share Yld||4.11%|
|15yr Gilt Yield||1.66%|
|10yr Gilt Yield||1.41%|
|10yr US Tres Yield||2.78%|
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.