Investment Market Update
A rally in copper and iron-prices helped push Asian equities to the highest since July 2015 as Chinese stocks listed in Hong Kong outperformed the region. Japanese shares rose after a positive meeting between Prime Minister Shinzo Abe and US President Donald Trump.
US equities rallied to records for a third straight week of gains as a gauge of investor sentiment on US stocks climbed to levels unseen in more than two years and investors assessed promises from President Donald Trump for tax cuts and fiscal spending.
UK stocks closed higher on Friday as investors weighed better-than-expected UK economic data on trade and industrial production. Oil prices were also higher after the International Energy Agency raised its forecast for global oil demand and said it expected OPEC’s promise to lower output will be delivered by its members.
- Opec countries drastically curbed their output in the first month of their new production agreement, in the clearest sign to date that the world’s biggest oil producers are committed to living up to the November pact to cut global supplies. The limits adopted by the oil cartel in January have been “one of the deepest in the history of Opec output cut initiatives”, the International Energy Agency said on Friday.
- The average price of a UK home hit a new record in January, continuing an upward trend that’s in part being driven by a supply-demand imbalance. The 0.3% increase in values lifted the average to £300,169, Acadata and LSL said in a report. Annual growth was 3.1%, and prices are now double what they were in 2002. Over 2016, London was one of the worst performers among 10 regions analysed, partly due to weakness in prime locations because of Brexit and tax changes.
|FTSE All Share||3,950.36||0.4%||2.0%||12.5%|
|FTSE Small Cap||5,321.32||0.4%||3.5%||11.0%|
|St. James's Place||1,083.00||0.1%||6.8%||3.9%|
|Euro Stoxx 600||367.39||0.2%||1.7%||-1.2%|
|Dow Jones Ind||20,269.37||0.5%||2.6%||13.4%|
|MSCI AC Asia Pacific||143.88||1.0%||6.5%||2.3%|
|MSCI World (Developed)||1,814.71||0.4%||3.6%||5.3%|
|MSCI AC World (Dev & Em)||439.01||0.4%||4.1%||5.6%|
|MSCI Emerging Markets||930.16||0.5%||7.9%||8.6%|
|MSCI AC World Value||199.55||0.4%||2.7%||9.5%|
|MSCI AC World Growth||227.63||0.4%||5.6%||1.8%|
|FTSE Gilts All Stocks||3,499.40||-0.4%||-0.7%||8.5%|
|FTSE Index Linked All Stocks||641.36||-0.6%||0.7%||21.2%|
|ML Sterling Corporate Bonds||380.49||-0.2%||-0.2%||10.7%|
|ML Global High Yield Bonds||349.88||0.0%||2.2%||15.0%|
|Brent Crude Oil||56.70||1.9%||-1.4%||23.4%|
|Consumer Goods and Services||20,708.19||-0.6%||5.2%||9.6%|
|Oil & Gas||8,068.30||0.8%||-5.6%||54.2%|
|$ per £||1.25||0.2%||1.4%||-16.3%|
|€ per £||1.18||0.3%||0.3%||-15.7%|
|¥ per £||142.22||0.6%||-1.6%||-22.7%|
|VIX Index (Volatility)||10.85||-0.3%||-22.7%||-22.9%|
|Baltic Dry Index||702.00||-0.7%||-27.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.36%|
|Consumer Price Index||1.60%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||27.09|
|FTSE All Share Adj P/E||24.64|
|FTSE All Share Yld||3.82%|
|15yr Gilt Yield||1.67%|
|10yr Gilt Yield||1.26%|
|10yr US Tres Yield||2.41%|
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.
Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.