Investment Market Update
Asian stocks advanced for a fifth day, sending the regional benchmark to a fresh 10-year high, after minutes of the latest US Federal Reserve meeting boosted optimism that rate increases in the world’s biggest economy will remain gradual.
US stocks rose and the dollar weakened as investors studied the latest Federal Reserve minutes for clues on the next interest rate hike.
UK stocks were mixed, as small gains in utility firms failed to offset weakness in banking stocks.
- Draft legislation designed to lower the cost of energy bills is set to be published by the government later. The Draft Domestic Gas and Electricity Bill will give energy regulator Ofgem the power to cap standard variable tariffs.
Young first-time buyers are increasing their overall mortgage debt in order to tackle short-term financial pressures. The average mortgage term is lengthening from the traditional 25 years, according to figures from broker L&C Mortgages.
|FTSE All Share||4,133.08||0.0%||6.7%||12.5%|
|FTSE Small Cap||5,816.79||0.1%||13.1%||11.0%|
|St. James's Place||1,130.00||1.3%||15.2%||3.9%|
|Euro Stoxx 600||390.15||0.0%||7.9%||-1.2%|
|Dow Jones Ind||22,872.89||0.2%||15.7%||13.4%|
|MSCI AC Asia Pacific||165.04||0.1%||22.2%||2.3%|
|MSCI World (Developed)||2,024.54||0.1%||15.6%||5.3%|
|MSCI AC World (Dev & Em)||493.89||0.2%||17.1%||5.6%|
|MSCI Emerging Markets||1,117.33||0.4%||29.6%||8.6%|
|MSCI AC World Value||217.36||0.1%||11.8%||9.5%|
|MSCI AC World Growth||264.49||0.3%||22.7%||1.8%|
|FTSE Gilts All Stocks||3,510.82||-0.1%||-0.4%||8.5%|
|FTSE Index Linked All Stocks||638.78||0.3%||0.3%||21.2%|
|ML Sterling Corporate Bonds||392.96||-0.1%||3.1%||10.7%|
|ML Global High Yield Bonds||375.54||0.1%||9.6%||15.0%|
|Brent Crude Oil||56.94||0.6%||-3.0%||23.4%|
|Consumer Goods and Services||22,280.63||0.3%||13.2%||9.6%|
|Oil & Gas||8,444.82||0.1%||-1.2%||54.2%|
|$ per £||1.32||0.0%||7.1%||-16.3%|
|€ per £||1.12||0.4%||-4.6%||-15.7%|
|¥ per £||148.21||-0.2%||2.6%||-22.7%|
|VIX Index (Volatility)||9.85||-2.3%||-29.8%||-22.9%|
|Baltic Dry Index||1,433.00||1.1%||49.1%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||2.90%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.38|
|FTSE All Share Adj P/E||21.63|
|FTSE All Share Yld||3.74%|
|15yr Gilt Yield||1.71%|
|10yr Gilt Yield||1.38%|
|10yr US Tres Yield||2.35%|
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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