Investment Market Update
Asian stocks were mostly lower after modest declines in the US and Europe overnight, but South Korea’s stock benchmark rebounded after sharp end-of-session losses a day earlier.
US stocks declined as recent optimism about the passage of proposed tax reforms showed signs of fading, while the dollar stabilised and Treasuries retreated as robust economic data helped offset perceived signs of dovshness from the Federal Reserve.
UK stocks closed lower which was weighed down by losses among financial stocks. The index's biggest loser was Standard Life Aberdeen, down 3.27% to 413.5p, followed by Convatec Group down 3.1% to 202.9p, and Standard Chartered down 1.9% to 759.4p
- Walt Disney has agreed to buy the bulk of 21st Century Fox's business for $52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry. The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky.
- Japan has imposed fresh sanctions against North Korea as it seeks to ramp up pressure on Pyongyang over its nuclear and missile programmes. Chief cabinet secretary Yoshihide Suga said the assets of another 19 entities and individuals would be frozen. More than 210 organisations and people from countries including China and Russia will now be targeted.
|FTSE All Share||4,088.58||-0.6%||5.6%||12.5%|
|FTSE Small Cap||5,758.94||-0.2%||12.0%||11.0%|
|St. James's Place||1,172.00||0.4%||15.6%||3.9%|
|Euro Stoxx 600||388.91||-0.5%||7.6%||-1.2%|
|Dow Jones Ind||24,508.66||-0.3%||24.0%||13.4%|
|MSCI AC Asia Pacific||171.05||0.2%||26.7%||2.3%|
|MSCI World (Developed)||2,077.55||-0.3%||18.6%||5.3%|
|MSCI AC World (Dev & Em)||505.51||-0.3%||19.8%||5.6%|
|MSCI Emerging Markets||1,121.22||0.2%||30.0%||8.6%|
|MSCI AC World Value||220.66||-0.3%||13.5%||9.5%|
|MSCI AC World Growth||272.83||-0.2%||26.5%||1.8%|
|FTSE Gilts All Stocks||3,597.00||0.6%||2.1%||8.5%|
|FTSE Index Linked All Stocks||648.35||1.0%||1.8%||21.2%|
|ML Sterling Corporate Bonds||400.17||0.4%||5.0%||10.7%|
|ML Global High Yield Bonds||375.49||0.0%||9.6%||15.0%|
|Brent Crude Oil||63.31||1.4%||8.0%||23.4%|
|Consumer Goods and Services||21,839.65||-1.1%||11.0%||9.6%|
|Oil & Gas||8,746.88||-0.3%||2.3%||54.2%|
|$ per £||1.34||-0.6%||8.2%||-16.3%|
|€ per £||1.14||-0.4%||-3.2%||-15.7%|
|¥ per £||151.05||0.1%||4.5%||-22.7%|
|VIX Index (Volatility)||10.49||3.0%||-25.3%||-22.9%|
|Baltic Dry Index||1,668.00||-3.6%||73.6%||101.1%|
|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||20.03|
|FTSE All Share Adj P/E||19.53|
|FTSE All Share Yld||3.75%|
|15yr Gilt Yield||1.48%|
|10yr Gilt Yield||1.17%|
|10yr US Tres Yield||2.35%|
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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