Investment Market Update
Asian stocks gained as trade-war concerns took a backseat to economic optimism following a US jobs.
US stocks rose while Treasuries fell as the latest labor report showed the American economy continued to strengthen without the prior month’s rapid wage gains that stoked inflation fears. The dollar weakened against most peers.
UK stocks increased, with the FTSE 100 rising by 0.3% to 7224.51 on Friday.
- Turnaround specialist Melrose has increased its offer for engineering giant GKN from £7.4bn to £8.1bn. Melrose is now offering 467p per share, and has also raised the amount GKN shareholders will own from 57% to 60%. It says all recent attempts to engage in "constructive discussions" with GKN have been blocked.
- More than 660,000 customers switched their electricity supplier in February - the highest number yet - according to industry figures. Energy UK said the figure represented a 60% rise on February 2017, and that over a million customers had switched so far this year. It said one reason may have been the cold weather during the month.
|FTSE All Share||3,993.45||0.3%||-5.4%||9.0%|
|FTSE Small Cap||5,775.67||0.3%||-2.3%||14.9%|
|St. James's Place||1,153.00||-0.2%||-6.0%||20.9%|
|Euro Stoxx 600||378.24||0.4%||-2.8%||7.7%|
|Dow Jones Ind||25,335.74||1.8%||2.5%||25.1%|
|MSCI AC Asia Pacific||175.61||0.3%||1.0%||28.7%|
|MSCI World (Developed)||2,149.32||1.1%||2.2%||20.1%|
|MSCI AC World (Dev & Em)||525.45||1.1%||2.4%||21.6%|
|MSCI Emerging Markets||1,207.23||1.0%||4.2%||34.2%|
|MSCI AC World Value||224.07||0.9%||0.0%||15.2%|
|MSCI AC World Growth||290.03||1.3%||4.8%||28.3%|
|FTSE Gilts All Stocks||3,520.70||-0.3%||-1.9%||3.0%|
|FTSE Index Linked All Stocks||624.98||-0.7%||-3.5%||2.3%|
|ML Sterling Corporate Bonds||392.92||-0.2%||-2.0%||5.7%|
|ML Global High Yield Bonds||378.16||0.1%||0.2%||9.7%|
|Brent Crude Oil||65.49||3.0%||-0.9%||14.5%|
|Consumer Goods and Services||19,837.86||0.5%||-11.3%||13.6%|
|Oil & Gas||8,271.93||0.1%||-8.7%||6.0%|
|$ per £||1.38||-0.3%||2.2%||9.5%|
|€ per £||1.12||-0.3%||-0.4%||-4.0%|
|¥ per £||146.63||-0.9%||-3.7%||5.3%|
|VIX Index (Volatility)||14.64||-11.5%||32.6%||-21.4%|
|Baltic Dry Index||1,201.00||0.3%||-12.1%||42.1%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.60%|
|Consumer Price Index||3.00%|
|Retail Price Index||4.00%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.76|
|FTSE All Share Adj P/E||13.19|
|FTSE All Share Yld||4.11%|
|15yr Gilt Yield||1.76%|
|10yr Gilt Yield||1.49%|
|10yr US Tres Yield||2.89%|
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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