Investment Market Update
Asian stocks closed higher on Friday as sentiment improved on a report that US-China trade talks were making progress.
US stocks closed mostly lower Thursday as investors digested headlines suggesting progress toward a US-China trade deal has stalled against the backdrop of weaker-than-expected Chinese economic data.
UK stocks closed slightly higher as continuing Brexit chaos following Wednesday's vote dampened investor enthusiasm.
- Key government contractor Interserve faces a crunch vote on Friday which could lead it into administration. The outsourcing giant has been trying to persuade shareholders to back a rescue deal which would see 95% of the firm pass to lenders. It reached a deal with creditors last month to prevent its collapse.
- The US is suing Volkswagen, accusing the German carmaker of "massive fraud" over the diesel emissions scandal. The Securities and Exchange Commission (SEC) claims the firm misled investors by issuing billions of dollars worth of bonds and securities, without disclosing that the company had cheated emissions tests. Volkswagen's former chief executive Martin Winterkorn is also being sued.
|FTSE All Share||3,941.78||0.4%||7.3%||-13.0%|
|FTSE Small Cap||5,450.81||0.0%||5.3%||-12.4%|
|St. James's Place||1,039.50||2.1%||10.1%||-23.0%|
|Euro Stoxx 600||378.52||0.8%||12.1%||-13.2%|
|Dow Jones Ind||25,709.94||0.0%||10.2%||-5.6%|
|MSCI AC Asia Pacific||157.73||-0.3%||7.5%||-15.6%|
|MSCI World (Developed)||2,096.33||0.0%||11.3%||-10.4%|
|MSCI AC World (Dev & Em)||505.56||0.0%||11.0%||-11.2%|
|MSCI Emerging Markets||1,048.20||-0.2%||8.5%||-16.6%|
|MSCI AC World Value||212.43||0.0%||9.3%||-13.2%|
|MSCI AC World Growth||283.03||0.0%||12.7%||-9.2%|
|FTSE Gilts All Stocks||3,648.80||0.0%||1.1%||0.8%|
|FTSE Index Linked All Stocks||667.65||1.0%||3.9%||-1.2%|
|ML Sterling Corporate Bonds||404.77||0.1%||3.3%||-2.4%|
|ML Global High Yield Bonds||386.62||0.1%||6.0%||-3.7%|
|Brent Crude Oil||67.23||-0.5%||23.8%||-14.9%|
|Consumer Goods and Services||19,295.05||0.6%||10.6%||-21.0%|
|Oil & Gas||8,943.68||0.5%||5.7%||-7.4%|
|$ per £||1.32||-0.4%||3.6%||-6.2%|
|€ per £||1.17||-0.4%||5.0%||-1.3%|
|¥ per £||146.87||-0.9%||5.1%||-8.3%|
|VIX Index (Volatility)||13.50||0.7%||-55.6%||160.2%|
|Baltic Dry Index||677.00||3.5%||-46.7%||3.3%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.84%|
|Consumer Price Index||1.80%|
|Retail Price Index||2.50%|
|Yields / Ratios|
|FTSE 100 Adj P/E||14.55|
|FTSE All Share Adj P/E||14.63|
|FTSE All Share Yld||4.49%|
|15yr Gilt Yield||1.53%|
|10yr Gilt Yield||1.22%|
|10yr US Tres Yield||2.63%|
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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