Investment Market Update
Asian stocks rose for a third session, set for their longest winning streak in almost two months, as investors looked past the start of a US-China trade war to focus on the upcoming earnings results.
US stocks rose to the highest in almost a month as investors set aside concern about escalating trade tensions and rising political tension abroad to focus on the coming earnings season.
UK stocks climbed, helped by the pound’s drop on news of Foreign Secretary Boris Johnson’s resignation, which raises the chance of a formal challenge to Prime Minister Theresa May. At the same time, worries over rising trade tensions between the US and China appeared to have been moved to the back burner.
- Theresa May will chair her new-look cabinet this morning after a string of resignations over her Brexit strategy left her government in crisis. Mrs May was forced to carry out a reshuffle of her top team after Boris Johnson and David Davis both quit.
- Tesco's UK chief executive, Charles Wilson, is stepping down from the company board after being diagnosed with throat cancer. Mr Wilson was formerly boss of food wholesaler Booker, but became Tesco's UK chief following the supermarket's £3.7bn takeover of Booker in March.
|FTSE All Share||4,225.21||0.9%||0.1%||9.0%|
|FTSE Small Cap||5,904.19||0.3%||-0.1%||14.9%|
|St. James's Place||1,184.50||1.2%||-3.4%||20.9%|
|Euro Stoxx 600||384.59||0.6%||-1.2%||7.7%|
|Dow Jones Ind||24,776.59||1.3%||0.2%||25.1%|
|MSCI AC Asia Pacific||165.82||1.2%||-4.6%||28.7%|
|MSCI World (Developed)||2,131.14||0.8%||1.3%||20.1%|
|MSCI AC World (Dev & Em)||514.48||0.9%||0.3%||21.6%|
|MSCI Emerging Markets||1,075.74||1.5%||-7.1%||34.2%|
|MSCI AC World Value||215.69||0.8%||-3.7%||15.2%|
|MSCI AC World Growth||288.53||1.0%||4.2%||28.3%|
|FTSE Gilts All Stocks||3,610.33||-0.1%||0.6%||3.0%|
|FTSE Index Linked All Stocks||642.60||0.0%||-0.8%||2.3%|
|ML Sterling Corporate Bonds||394.67||0.0%||-1.5%||5.7%|
|ML Global High Yield Bonds||373.49||0.2%||-1.0%||9.7%|
|Brent Crude Oil||78.07||1.2%||20.6%||14.5%|
|Consumer Goods and Services||20,418.69||0.4%||-8.7%||13.6%|
|Oil & Gas||9,937.10||1.7%||9.7%||6.0%|
|$ per £||1.33||0.5%||-1.7%||9.5%|
|€ per £||1.13||0.5%||0.4%||-4.0%|
|¥ per £||146.74||0.2%||-3.6%||5.3%|
|VIX Index (Volatility)||12.69||-5.1%||14.9%||-21.4%|
|Baltic Dry Index||1,609.00||-0.8%||17.8%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.71%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.19|
|FTSE All Share Adj P/E||13.12|
|FTSE All Share Yld||3.97%|
|15yr Gilt Yield||1.52%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.86%|
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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