Investment Market Update
Asian stocks declined as geopolitical developments and rising benchmark US yields spurred a return of risk aversion.
US stocks weakened due to a surge in US bond yields to their highest level in almost seven years, after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the US and China.
UK stocks closed higher on Tuesday after a mixed jobs report that was seen as easing pressure on the Bank of England to raise interest rates.
- Carillion's board presided over a "rotten corporate culture" and was culpable for its "costly collapse", two committees of MPs have concluded. They also accused the government and big four accounting firms of failing to stop Britain's second biggest construction firm from going under.
- Japan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s. The world's third biggest economy contracted at an annualised rate of 0.6%, official data showed. Expectations were for an annualised contraction of 0.2%.
|FTSE All Share||4,241.88||0.10%||0.50%||9.00%|
|FTSE Small Cap||6,002.50||0.20%||1.50%||14.90%|
|St. James's Place||1,181.50||0.60%||-3.60%||20.90%|
|Euro Stoxx 600||392.37||0.00%||0.80%||7.70%|
|Dow Jones Ind||24,706.41||-0.80%||-0.10%||25.10%|
|MSCI AC Asia Pacific||174.684||-1.10%||0.50%||28.70%|
|MSCI World (Developed)||2,119.98||-0.80%||0.80%||20.10%|
|MSCI AC World (Dev & Em)||516.14||-0.90%||0.60%||21.60%|
|MSCI Emerging Markets||1,150.27||-1.60%||-0.70%||34.20%|
|MSCI AC World Value||220.081||-0.70%||-1.80%||15.20%|
|MSCI AC World Growth||284.911||-1.00%||2.90%||28.30%|
|FTSE Gilts All Stocks||3,529.28||-0.20%||-1.70%||3.00%|
|FTSE Index Linked All Stocks||621||-0.10%||-4.10%||2.30%|
|ML Sterling Corporate Bonds||392.432||-0.20%||-2.10%||5.70%|
|ML Global High Yield Bonds||374.688||-0.30%||-0.70%||9.70%|
|Brent Crude Oil||78.43||0.30%||19.80%||14.50%|
|Consumer Goods and Services||20,037.14||0.30%||-10.40%||13.60%|
|Oil & Gas||9,957.02||1.20%||9.90%||6.00%|
|$ per £||1.3584||0.50%||0.50%||9.50%|
|€ per £||1.1343||-0.40%||0.70%||-4.00%|
|¥ per £||148.649||-0.30%||-2.40%||5.30%|
|VIX Index (Volatility)||14.63||13.10%||32.50%||-21.40%|
|Baltic Dry Index||1,468.00||-0.50%||7.50%||42.14%|
|BoE Base Rate||0.50%|
|LIBOR (3 months)||0.65%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.30%|
|Yields / Ratios|
|FTSE 100 Adj P/E||13.28497|
|FTSE All Share Adj P/E||13.68426|
|FTSE All Share Yld||3.91%|
|15yr Gilt Yield||1.77%|
|10yr Gilt Yield||1.52%|
|10yr US Tres Yield||3.07%|
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.
Source: FTSE International Limited ("FTSE") © FTSE 2018. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.