Investment Market Update
Asian stocks mostly steadied on Tuesday as the contagion from the economic crisis in Turkey remained relatively contained in developed markets. Japanese equities outperformed while Australian and South Korean shares also rose.
US stocks closed lower on Monday as the ongoing turmoil in Turkey dampened investors’ appetite for riskier assets. Instability in the region sparked concerns that it's problems could spill over to other parts of the world.
UK stocks were down on Monday with Turkey’s precarious financial position weighing on European markets, the FTSE 100 closed down over 24 points.
- Ofcom has fined Royal Mail a record £50m for breaching competition law. The fine was for abusing its dominant market position by discriminating against its first and only - major competitor delivering letters.
- The US has passed a new law that strengthens the government's power to review and potentially block business deals involving foreign firms. US President Donald Trump signed the bill, which is part of a broader military spending measure, on Monday. The measure was spurred by US concerns that Chinese companies are using investments and acquisitions to gain access to new technology.
|FTSE All Share||4,196.13||-0.3%||-0.6%||9.0%|
|FTSE Small Cap||5,865.98||-0.5%||-0.8%||14.9%|
|St. James's Place||1,156.50||0.0%||-5.7%||20.9%|
|Euro Stoxx 600||384.91||-0.2%||-1.1%||7.7%|
|Dow Jones Ind||25,187.70||-0.5%||1.9%||25.1%|
|MSCI AC Asia Pacific||162.40||-1.8%||-6.6%||28.7%|
|MSCI World (Developed)||2,127.47||-0.6%||1.1%||20.1%|
|MSCI AC World (Dev & Em)||511.92||-0.7%||-0.2%||21.6%|
|MSCI Emerging Markets||1,043.30||-1.8%||-9.9%||34.2%|
|MSCI AC World Value||214.22||-0.9%||-4.4%||15.2%|
|MSCI AC World Growth||287.60||-0.6%||3.9%||28.3%|
|FTSE Gilts All Stocks||3,610.08||-0.2%||0.6%||3.0%|
|FTSE Index Linked All Stocks||650.85||-0.1%||0.5%||2.3%|
|ML Sterling Corporate Bonds||397.43||-0.2%||-0.8%||5.7%|
|ML Global High Yield Bonds||373.77||-0.3%||-1.0%||9.7%|
|Brent Crude Oil||72.61||-0.3%||12.8%||14.5%|
|Consumer Goods and Services||21,094.52||-0.1%||-5.7%||13.6%|
|Oil & Gas||9,393.22||-0.1%||3.7%||6.0%|
|$ per £||1.28||0.1%||-5.6%||9.5%|
|€ per £||1.12||0.0%||-0.6%||-4.0%|
|¥ per £||141.41||0.2%||-7.1%||5.3%|
|VIX Index (Volatility)||14.78||12.3%||33.9%||-21.4%|
|Baltic Dry Index||1,709.00||1.1%||25.1%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.81%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.40%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.73|
|FTSE All Share Adj P/E||12.74|
|FTSE All Share Yld||4.05%|
|15yr Gilt Yield||1.53%|
|10yr Gilt Yield||1.25%|
|10yr US Tres Yield||2.88%|
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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