Investment Market Update
Asian stocks fell for an eighth day, its longest losing streak since December, after President Donald Trump said he’s ready to escalate the trade war with China.
US stocks fell for a fourth straight days after President Donald Trump’s threat to escalate the trade war with China roiled technology and multinational shares.
UK stocks fell for the fourth day, with the FTSE 100 dropping 0.6% to 7,277.70. The index dropped to the lowest closing level since April 17.
- Jack Ma, the executive chairman of Chinese e-commerce giant Alibaba, has said he plans to step down in a year. The news, in a letter sent by Mr Ma to Alibaba customers and shareholders, follows conflicting reports over the weekend on the timing of his exit.
- A four-day working week will be possible this century if businesses are forced to share the benefits of new technology with their workforce. That's the claim from the TUC, which is using its annual conference to call on the government to take action to help people work less but get paid the same.
|FTSE All Share||4,022.00||-0.5%||-4.7%||9.0%|
|FTSE Small Cap||5,828.71||0.2%||-1.4%||14.9%|
|St. James's Place||1,101.00||-2.0%||-10.2%||20.9%|
|Euro Stoxx 600||373.77||0.1%||-4.0%||7.7%|
|Dow Jones Ind||25,916.54||-0.3%||4.8%||25.1%|
|MSCI AC Asia Pacific||160.07||-0.3%||-7.9%||28.7%|
|MSCI World (Developed)||2,137.60||-0.3%||1.6%||20.1%|
|MSCI AC World (Dev & Em)||512.97||-0.2%||0.0%||21.6%|
|MSCI Emerging Markets||1,022.98||0.5%||-11.7%||34.2%|
|MSCI AC World Value||214.46||-0.2%||-4.3%||15.2%|
|MSCI AC World Growth||288.43||-0.2%||4.2%||28.3%|
|FTSE Gilts All Stocks||3,583.91||-0.4%||-0.1%||3.0%|
|FTSE Index Linked All Stocks||633.03||-0.9%||-2.3%||2.3%|
|ML Sterling Corporate Bonds||395.62||-0.3%||-1.3%||5.7%|
|ML Global High Yield Bonds||375.61||-0.1%||-0.5%||9.7%|
|Brent Crude Oil||76.83||0.4%||20.0%||14.5%|
|Consumer Goods and Services||19,855.38||0.0%||-11.2%||13.6%|
|Oil & Gas||9,066.71||-0.8%||0.1%||6.0%|
|$ per £||1.29||0.1%||-4.3%||9.5%|
|€ per £||1.11||-0.5%||-1.2%||-4.0%|
|¥ per £||143.24||-0.1%||-5.9%||5.3%|
|VIX Index (Volatility)||14.88||1.6%||34.8%||-21.4%|
|Baltic Dry Index||1,490.00||0.4%||9.1%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.06|
|FTSE All Share Adj P/E||12.13|
|FTSE All Share Yld||4.22%|
|15yr Gilt Yield||1.61%|
|10yr Gilt Yield||1.46%|
|10yr US Tres Yield||2.94%|
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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