Investment Market Update
Asian stocks rose as Chinese shares surged in Hong Kong and a positive US jobs report helped investors position for a week of central bank policy decisions. The dollar weakened and oil fell for a sixth day in a row.
US stocks closed higher on Friday as strong jobs figures raised the odds of a rate rise next week. US employers added 235,000 jobs in February, exceeding forecasts of about 200,000.
UK stocks closed 0.4% higher, led by BT after they confirmed it would legally seperate Openreach.
- Mobile phone giant Vodafone says it will create 2,100 jobs across the UK. The company is expanding existing customer service centres, with 800 additional posts in Manchester, almost 150 in Newark, more than 150 in Stoke-on-Trent and about 100 in Glasgow.
- Iceland will lift all capital controls on its citizens, businesses and pension funds from Tuesday. Capital controls, such as those to restrict money flowing in and out of the country, were imposed in 2008 after the country's biggest banks collapsed.
|FTSE All Share||3,996.61||0.4%||3.2%||12.5%|
|FTSE Small Cap||5,359.62||0.2%||4.2%||11.0%|
|St. James's Place||1,083.00||-0.2%||6.8%||3.9%|
|Euro Stoxx 600||373.23||0.1%||3.3%||-1.2%|
|Dow Jones Ind||20,902.98||0.2%||5.8%||13.4%|
|MSCI AC Asia Pacific||144.35||0.7%||6.9%||2.3%|
|MSCI World (Developed)||1,845.88||0.5%||5.4%||5.3%|
|MSCI AC World (Dev & Em)||445.52||0.5%||5.6%||5.6%|
|MSCI Emerging Markets||926.14||0.3%||7.4%||8.6%|
|MSCI AC World Value||202.24||0.5%||4.0%||9.5%|
|MSCI AC World Growth||231.33||0.6%||7.3%||1.8%|
|FTSE Gilts All Stocks||3,533.54||-0.3%||0.3%||8.5%|
|FTSE Index Linked All Stocks||638.53||-0.4%||0.3%||21.2%|
|ML Sterling Corporate Bonds||385.42||-0.2%||1.1%||10.7%|
|ML Global High Yield Bonds||349.74||0.2%||2.1%||15.0%|
|Brent Crude Oil||51.37||-1.6%||-11.5%||23.4%|
|Consumer Goods and Services||21,795.37||0.4%||10.7%||9.6%|
|Oil & Gas||7,978.66||2.0%||-6.7%||54.2%|
|$ per £||1.22||0.3%||-1.1%||-16.3%|
|€ per £||1.15||0.9%||-2.0%||-15.7%|
|¥ per £||139.17||-0.3%||-3.7%||-22.7%|
|VIX Index (Volatility)||11.93||-3.0%||-15.0%||-22.9%|
|Baltic Dry Index||1,086.00||2.1%||13.0%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.35%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||26.96|
|FTSE All Share Adj P/E||24.81|
|FTSE All Share Yld||3.89%|
|15yr Gilt Yield||1.60%|
|10yr Gilt Yield||1.23%|
|10yr US Tres Yield||2.57%|
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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