Investment Market Update
Shares in Asia outside of Japan gained as investors await Central Bank decisions in Europe and the US. Shares in Tokyo fell as the yen strengthened.
US stocks closed at fresh record highs on Tuesday, with financial stocks especially strong amid further progress in Congress on the tax-cut plan.
UK stocks closed at their highest level in a month, boosted by oil prices and a weakening pound despite inflation rising to its highest in six years.
- UK inflation unexpectedly accelerated to the fastest in six years in November, which will force Bank of England Governor Mark Carney to explain why price growth is so far above its policy target. Accordingly to the Office of National Statistics, the 3.1% rise has been mainly driven by air fares and computer games.
- In the US, Democrat Doug Jones delivered a stunning upset defeat to Republican Roy Moore in a US Senate race in traditionally-Republican Alabama. Jones won with 49.9% of the vote.
|FTSE All Share||4,114.09||0.50%||6.20%||12.45%|
|FTSE Small Cap||5,771.90||0.40%||12.20%||10.97%|
|St. James's Place||1,163.00||0.10%||14.70%||3.85%|
|Euro Stoxx 600||391.63||0.70%||8.40%||-1.20%|
|Dow Jones Ind||24,504.80||0.50%||24.00%||13.42%|
|MSCI AC Asia Pacific||169.856||-0.30%||25.80%||2.34%|
|MSCI World (Developed)||2,083.43||0.10%||19.00%||5.32%|
|MSCI AC World (Dev & Em)||506.306||0.00%||20.00%||5.63%|
|MSCI Emerging Markets||1,112.37||-0.70%||29.00%||8.58%|
|MSCI AC World Value||221.282||0.20%||13.80%||9.50%|
|MSCI AC World Growth||272.927||-0.10%||26.60%||1.81%|
|FTSE Gilts All Stocks||3,571.89||-0.20%||1.30%||8.51%|
|FTSE Index Linked All Stocks||644.63||-0.10%||1.20%||21.23%|
|ML Sterling Corporate Bonds||398.349||-0.10%||4.50%||10.75%|
|ML Global High Yield Bonds||375.445||-0.10%||9.60%||15.01%|
|Brent Crude Oil||63.34||-2.10%||8.10%||23.39%|
|Consumer Goods and Services||22,137.40||0.50%||12.50%||9.56%|
|Oil & Gas||8,851.94||1.90%||3.60%||54.21%|
|$ per £||1.3351||0.30%||8.20%||-16.25%|
|€ per £||1.1323||-0.30%||-3.50%||-15.73%|
|¥ per £||151.452||0.10%||4.80%||-22.69%|
|VIX Index (Volatility)||9.92||6.20%||-29.30%||-22.90%|
|Baltic Dry Index||1,743.00||0.90%||81.40%||101.05%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.52%|
|Consumer Price Index||3.10%|
|Retail Price Index||3.90%|
|Yields / Ratios|
|FTSE 100 Adj P/E||20.20387|
|FTSE All Share Adj P/E||19.66357|
|FTSE All Share Yld||3.76%|
|15yr Gilt Yield||1.54%|
|10yr Gilt Yield||1.22%|
|10yr US Tres Yield||2.40%|
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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