Investment Market Update
Asian stocks were mixed Wednesday, possibly tracking the overnight slide in oil prices and due to fears the Chinese economy may slow more than expected in the coming quarters.
US stocks were down Tuesday, after energy stocks were depressed by falling Brent and US crude futures.
UK stocks rose on Tuesday as investors cheered reports of progress in the Brexit negotiations and the resumption of trade talks between the US and China.
- Oil prices have dropped to their lowest level in over eight months amid fears about a slowdown in demand. International benchmark Brent crude dropped almost 7% to $65.11 (£50.24) a barrel, its lowest level since March. The latest falls came after oil cartel Opec reduced its forecast for global oil demand next year.
- Flybe has put itself up for sale, less than a month after issuing a dramatic profit warning. Last month, the airline warned full-year losses would reach £22m because of falling consumer demand, a weaker pound and higher fuel costs.
|FTSE All Share||3,873.97||0.1%||-8.2%||9.0%|
|FTSE Small Cap||5,457.83||-0.2%||-7.7%||14.9%|
|St. James's Place||1,062.50||2.6%||-13.3%||20.9%|
|Euro Stoxx 600||364.44||0.7%||-6.4%||7.7%|
|Dow Jones Ind||25,286.49||-0.4%||2.3%||25.1%|
|MSCI AC Asia Pacific||150.48||-0.8%||-13.4%||28.7%|
|MSCI World (Developed)||2,026.52||-0.1%||-3.7%||20.1%|
|MSCI AC World (Dev & Em)||486.10||-0.1%||-5.2%||21.6%|
|MSCI Emerging Markets||966.02||0.0%||-16.6%||34.2%|
|MSCI AC World Value||208.25||-0.2%||-7.0%||15.2%|
|MSCI AC World Growth||266.91||0.0%||-3.6%||28.3%|
|FTSE Gilts All Stocks||3,539.14||-0.7%||-1.4%||3.0%|
|FTSE Index Linked All Stocks||637.94||-1.8%||-1.5%||2.3%|
|ML Sterling Corporate Bonds||391.76||-0.6%||-2.3%||5.7%|
|ML Global High Yield Bonds||372.53||-0.3%||-1.3%||9.7%|
|Brent Crude Oil||65.47||-6.6%||3.4%||14.5%|
|Consumer Goods and Services||18,505.33||-1.0%||-17.2%||13.6%|
|Oil & Gas||8,773.10||-2.4%||-3.2%||6.0%|
|$ per £||1.29||-1.0%||-4.9%||9.5%|
|€ per £||1.14||-0.7%||1.5%||-4.0%|
|¥ per £||146.23||-1.2%||-3.9%||5.3%|
|VIX Index (Volatility)||20.02||-2.1%||81.3%||-21.4%|
|Baltic Dry Index||1,064.00||-5.4%||-22.1%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.88%|
|Consumer Price Index||2.40%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||11.67|
|FTSE All Share Adj P/E||10.76|
|FTSE All Share Yld||4.44%|
|15yr Gilt Yield||1.72%|
|10yr Gilt Yield||1.52%|
|10yr US Tres Yield||3.14%|
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.