Investment Market Update
Asian equities were mixed on Wednesday after an uninspiring US session that saw the dollar grind higher, with attention turning away from geopolitics and back to economic data.
US stocks ended Tuesday little changed, but the dollar rose on the back of strong retail sales figures. The Commerce Department said retail sales jumped 0.6% last month, the biggest increase since December.
UK stocks rose as the pound fell after weaker-than-expected inflation data was seen as reducing the prospect of an early rise in UK interest rates.
- The Unite union has said Royal Bank of Scotland (RBS) is planning 900 technology job cuts at its London office by 2020 to reduce costs. It alleged that RBS intends to cut 40% of its permanent IT staff, or 650 jobs, as well as 230 contractors.
- Danish brewer Carlsberg reported first-half profit that beat analysts’ estimates as the Tuborg maker reduced costs and cut debt, following in the wake of larger rival Anheuser-Busch InBev NV.
|FTSE All Share||4,048.31||0.3%||4.5%||12.5%|
|FTSE Small Cap||5,695.68||0.2%||10.7%||11.0%|
|St. James's Place||1,183.00||0.3%||19.0%||3.9%|
|Euro Stoxx 600||376.50||0.1%||4.2%||-1.2%|
|Dow Jones Ind||21,998.99||0.0%||11.3%||13.4%|
|MSCI AC Asia Pacific||158.54||0.0%||17.4%||2.3%|
|MSCI World (Developed)||1,949.23||-0.2%||11.3%||5.3%|
|MSCI AC World (Dev & Em)||474.32||-0.2%||12.4%||5.6%|
|MSCI Emerging Markets||1,052.51||-0.1%||22.1%||8.6%|
|MSCI AC World Value||209.50||-0.2%||7.8%||9.5%|
|MSCI AC World Growth||253.11||-0.1%||17.4%||1.8%|
|FTSE Gilts All Stocks||3,591.34||-0.1%||1.9%||8.5%|
|FTSE Index Linked All Stocks||641.83||0.1%||0.8%||21.2%|
|ML Sterling Corporate Bonds||398.52||-0.1%||4.5%||10.7%|
|ML Global High Yield Bonds||368.58||-0.1%||7.6%||15.0%|
|Brent Crude Oil||50.80||0.1%||-13.6%||23.4%|
|Consumer Goods and Services||22,172.15||0.9%||12.6%||9.6%|
|Oil & Gas||7,759.06||-0.6%||-9.2%||54.2%|
|$ per £||1.30||0.9%||5.2%||-16.3%|
|€ per £||1.10||0.4%||-6.2%||-15.7%|
|¥ per £||142.08||0.0%||-1.7%||-22.7%|
|VIX Index (Volatility)||12.04||-2.4%||-14.2%||-22.9%|
|Baltic Dry Index||1,169.00||1.2%||21.6%||101.1%|
|BoE Base Rate||0.25%|
|LIBOR (3 months)||0.28%|
|Consumer Price Index||2.60%|
|Retail Price Index||3.60%|
|Yields / Ratios|
|FTSE 100 Adj P/E||22.62|
|FTSE All Share Adj P/E||21.70|
|FTSE All Share Yld||3.81%|
|15yr Gilt Yield||1.45%|
|10yr Gilt Yield||1.08%|
|10yr US Tres Yield||2.27%|
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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