Investment Market Update
Asian stocks were mixed on Friday as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth.
US stocks rose last week as investors breathed a sigh of relief at the election results, but fears that the trade war would resume kept a cap on the gains.
UK stocks slipped on Friday with miners weighing on the FTSE 100 amid weak Chinese inflation figures, as hawkish tones from the US Federal Reserve also contributed to market declines.
- The UK economy grew by 0.6% in the three months to September, with warm weather boosting consumer spending, the Office for National Statistics said. It is the highest quarterly growth figure since the fourth quarter of 2016, when the economy grew 0.7%.
- Internet giant Alibaba has set new sales records on Sunday for its biggest shopping day, the annual Singles Day. The Chinese company hit a record $1bn (£774m; €883m) in sales in 85 seconds, and then just shy of $10bn in the first hour of the 24-hour spree.
|FTSE All Share||3,901.72||-0.6%||-7.6%||9.0%|
|FTSE Small Cap||5,497.40||-0.8%||-7.0%||14.9%|
|St. James's Place||1,062.50||1.1%||-13.3%||20.9%|
|Euro Stoxx 600||365.74||-0.4%||-6.0%||7.7%|
|Dow Jones Ind||25,989.30||-0.8%||5.1%||25.1%|
|MSCI AC Asia Pacific||152.26||-1.2%||-12.4%||28.7%|
|MSCI World (Developed)||2,063.16||-0.9%||-1.9%||20.1%|
|MSCI AC World (Dev & Em)||494.48||-1.0%||-3.6%||21.6%|
|MSCI Emerging Markets||976.17||-1.7%||-15.7%||34.2%|
|MSCI AC World Value||211.14||-0.8%||-5.7%||15.2%|
|MSCI AC World Growth||272.41||-1.2%||-1.6%||28.3%|
|FTSE Gilts All Stocks||3,548.85||0.6%||-1.1%||3.0%|
|FTSE Index Linked All Stocks||641.85||1.1%||-0.9%||2.3%|
|ML Sterling Corporate Bonds||393.34||0.4%||-1.9%||5.7%|
|ML Global High Yield Bonds||374.34||-0.4%||-0.8%||9.7%|
|Brent Crude Oil||70.18||-0.7%||10.8%||14.5%|
|Consumer Goods and Services||19,301.23||0.2%||-13.7%||13.6%|
|Oil & Gas||8,927.76||-0.5%||-1.5%||6.0%|
|$ per £||1.31||0.9%||-3.1%||9.5%|
|€ per £||1.15||0.4%||2.1%||-4.0%|
|¥ per £||149.19||1.0%||-2.0%||5.3%|
|VIX Index (Volatility)||17.36||3.8%||57.2%||-21.4%|
|Baltic Dry Index||1,147.00||-6.8%||-16.0%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.86%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.74|
|FTSE All Share Adj P/E||10.84|
|FTSE All Share Yld||4.59%|
|15yr Gilt Yield||1.68%|
|10yr Gilt Yield||1.49%|
|10yr US Tres Yield||3.18%|
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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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.