Investment Market Update
Asian stocks were mixed on Tuesday after Wall Street's gains as investors waited for a new US tariff hike in the trade battle with China.
US stocks closed mostly higher Monday, with the S&P 500 and the Nasdaq each snapping a four-day losing streak on the back of a recovery in technology shares.
UK stocks closed the day in positive territory, as a potential Brexit deal and the state of the UK economy appeared to cheer the market.
Labour would extend workers' rights and "restore the balance of power in the workplace", shadow chancellor John McDonnell is to pledge. He will promise more rights for people working in the so-called gig economy. In his speech to the Trades Union Congress in Manchester, Mr McDonnell will say a "new workplace environment" will boost productivity.
Snap's chief strategy officer, Imran Khan, has become the latest executive to leave the company. His departure comes as the firm, which owns Snapchat, struggles to keep users following the controversial redesign of its app. Last month, Snap posted its first drop in daily users and it has not made a profit since its Wall Street debut.
|FTSE All Share||4,023.13||0.00%||-4.70%||9.00%|
|FTSE Small Cap||5,782.13||-0.80%||-2.20%||14.90%|
|St. James's Place||1,105.50||0.40%||-9.80%||20.90%|
|Euro Stoxx 600||375.51||0.50%||-3.50%||7.70%|
|Dow Jones Ind||25,857.07||-0.20%||4.60%||25.10%|
|MSCI AC Asia Pacific||159.047||-0.60%||-8.50%||28.70%|
|MSCI World (Developed)||2,142.64||0.20%||1.90%||20.10%|
|MSCI AC World (Dev & Em)||513.392||0.10%||0.10%||21.60%|
|MSCI Emerging Markets||1,011.25||-1.10%||-12.70%||34.20%|
|MSCI AC World Value||214.742||0.10%||-4.10%||15.20%|
|MSCI AC World Growth||288.539||0.00%||4.20%||28.30%|
|FTSE Gilts All Stocks||3,577.77||-0.20%||-0.30%||3.00%|
|FTSE Index Linked All Stocks||629.09||-0.60%||-2.90%||2.30%|
|ML Sterling Corporate Bonds||395.3||-0.10%||-1.40%||5.70%|
|ML Global High Yield Bonds||376.072||0.10%||-0.40%||9.70%|
|Brent Crude Oil||77.37||0.70%||20.90%||14.50%|
|Consumer Goods and Services||19,877.05||0.10%||-11.10%||13.60%|
|Oil & Gas||9,038.66||-0.30%||-0.20%||6.00%|
|$ per £||1.292||-0.80%||-4.40%||9.50%|
|€ per £||1.1182||-0.40%||-0.70%||-4.00%|
|¥ per £||143.397||-1.00%||-5.80%||5.30%|
|VIX Index (Volatility)||14.16||-4.80%||28.30%||-21.40%|
|Baltic Dry Index||1,482.00||-0.50%||8.50%||42.14%|
|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||12.10555|
|FTSE All Share Adj P/E||12.17174|
|FTSE All Share Yld||4.20%|
|15yr Gilt Yield||1.62%|
|10yr Gilt Yield||1.47%|
|10yr US Tres Yield||2.93%|
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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